Developer Daly says Nama house plan a recipe for disaster

David Daly, who was once one of Ireland’s biggest homebuilders, has said that the proposal to turn the National Asset Management Agency into a state-owned housing developer was a “recipe for disaster.”

“Taoiseach Leo Varadkar’s recent signalling that the government is preparing to turn Nama into a state-owned housing developer indicates an inherent failure to comprehend the current housing crisis at the highest levels of government,” he said.

He said Nama had an ...