NAMA: the bad bank theory

Battersea Power Station

Source: Shutterstock/Peter Wallace

Disgruntled developers blame Irish bailout vehicle NAMA for losing them millions; others believe it has been the economy’s saviour. Property Week weighs up the arguments.

He is not the only Irish property figure who feels badly treated by ‘bad bank’ NAMA, which has found itself fighting several court cases as a result. So are they right to feel aggrieved? In hindsight, was the remedial action taken too heavy-handed?

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