Don’t extend Nama: it’s past its sell-by date

Don’t extend Nama: it’s past its sell-by date

Nothing like the National Asset Management Agency was ever created before in Ireland, and arguably nothing like it ever will again. For that, we should be thankful.

The agency, set up in the gloom of the financial crisis in 2009, paid €31.8 billion for thousands of property loans held by the Irish banks. Since then it has been managing an enormous property portfolio on behalf of the state in an attempt to return value to the taxpayer.

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