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Treasury and Nama: the end of the affair

'THE site lay tantalisingly waiting for a saviour, legs akimbo, breasts appetisingly on openish display. We laid in patient wait, hoping for the right moment, which eventually arrived."

For anyone trying to understand how relations between Treasury Holdings and Nama finally broke down, Richard Barrett's semi-erotic description of how he and Johnny Ronan finally managed to buy London's Battersea Power Station in 2006 for €600m provides a useful starting point.

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