Wednesday August 5, 2020

How we ended up buying back houses we sold off to a vulture fund

The buyback involves a direct charge on taxpayers, a sting in the tail of the cost of state intervention in the banking sector

2nd September, 2018

Last weekend, this newspaper reported that the state has begun buying back properties which it originally controlled and which were sold via Nama to vulture funds just three years ago. The specific deal covered, Project CB, will see in the region of 200 homes bought from Cerberus by the Housing Agency. It has sparked controversy and recrimination, with many outraged over the idea that the state should buy back something it controlled so recently from...

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