Friday 27 April 2018

'Secret society' could bankrupt the country

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

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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