Extending Nama’s life makes no sense for the Irish taxpayer

The agency has wasted an opportunity by transferring assets from one wealthy elite to another, rather than delivering any actual social dividends

Just as Boris Johnson was declared Conservative Party leader and the Taoiseach announced that Maria Bailey was to be demoted as chair of the Oireachtas Housing Committee, the Department of Finance published the second Section 227 review of the National Asset Management Agency for the period 2014-18.

The cynics among us might suggest that this was a carefully timed release, but perhaps it was mere coincidence. Nonetheless, what is unfortunate is that no ...