Tuesday 6 December 2016

Greed put paid to many dreams

Published 29/01/2012 | 05:00

Sir -- Upon reading articles regarding the new lives of developers such as Sean Dunne, Derek Quinlan and so many more, I cannot but question the rationale behind the formation of Nama.

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Dubbed the State's toxic bank, it was formed to provide a solution to Ireland's banking difficulties. To quote from James Fitzsimons, (Sunday Independent, January 22, 2012) "property developers ... openly dumped their problems on society while they put their wealth beyond reach".

Pictures of period houses in London, four-wheel drives and sports cars are not something you associate with someone in dire financial trouble.How were the funds siphoned from under the nose of Nama's so-called experts?

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