Tuesday 24 October 2017

Sledgehammer Nama

Madam -- Having read a series of excellent articles in your paper, I am beginning to wonder if your correspondents Niamh Horan and Nick Webb are the only people in this country who are aware of the restrictions that Nama is imposing on developers, and consequently why our unemployment rate is static at 14.2 per cent.

It will remain so for as long as Nama is allowed to continue preventing developers from implementing sound business proposals.

The situation in which we now find ourselves was caused by greedy bankers who fought between themselves over the commissions they would receive not alone from lending billions to greedy developers in the golden circle, but from lending to themselves at preferential rates.

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