Saturday 3 December 2016

'Secret society' could bankrupt the country

Published 05/02/2012 | 05:00

Ronald Quinlan talks to some developers who fear Nama, and doubt its ability to achieve results

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IT'S one of the most important agencies in this country and its success is vital to the future of our economy. But even Taoiseach Enda Kenny is at a loss as to what really goes on behind the firmly closed doors at Nama -- so much so that he dubbed it the "secret society" in the lead-up to last year's general election.

Whenever questions are asked about its activities or dealings with the borrowers on its books, Nama pleads "no comment" or cites clients' rights to confidentially.

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