Let's force NAMA to make a meaningful contribution to the State
NAMA was established in 2009 at astronomical cost for purposes which it has failed to achieve.The purposes included addressing the compelling need to make credit available in the economy and to rehabilitate the banks. To this day, there is still no proper supply of credit in the economy and the banks remain a drag on recovery. NAMA was to protect the tax payer from the infamous bank guarantee. And yet within months of establishing NAMA, the State was paying the banks, and entering into promises to pay the banks, vast sums of money - debts which the tax payer has been saddled with for years to come.