NAMA needs tweaking or it could destroy us
The proposal, as it stands, will result in the creation of an opaque and ungovernable structure
Government proponents in the debate on Nama present the public with no alternative but to either reject the entire Nama legislation or to accept it as published. This tactic attempts to deflect the debate away from the main shortcomings of the current proposal.
There is, however, another option -- an option of fixing Nama legislation to minimise the expected losses to taxpayers and bringing about transparency and accountability to its operations. Let's call it Nama Trust.