The financial heads that didn't roll

The financial heads that didn't roll
Frank Daly, chairman, and Brendan McDonagh, chief executive, Nama: dealing with incompetent bankers. Photo: Collins

Did the banks mislead Nama about the quality of their loans and thus their predicted 'haircut'? If they did, why are they getting away with it, asks Ian Guider.

So many scandals have emerged since the banking crisis began in 2008 that it's impossible to keep track of their outcomes. What has become clear is that no matter how much public money is at stake, the prospect of anyone from the financial world facing serious criminal or regulatory sanctions is small.

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