Thursday 20 July 2017

No surprise vultures didn't hold up bargain

Nama chief executive Brendan McDonagh. Photo: Frank McGrath
Nama chief executive Brendan McDonagh. Photo: Frank McGrath
Editorial

Editorial

There are no flies on Nama boss Brendan McDonagh. The low-key Kerryman deftly deflected criticism of his own agency's house-building record by shining a spotlight on the even greater failure to build by many of the funds that bought its loans.

Self serving as the criticism might be, he has a point.

According to Mr McDonagh's calculations, only a tiny fraction of the land it has sold is being turned into housing.

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