Is NAMA just a life raft for vested interests?

Saturday, December 05, 2009

BEFORE any property is bailed out under NAMA every single politician – national and local – top bank officials, developers and their ilk should disclose their personal interest and financial involvement with land banks, property or any other holdings that have the potential to be refinanced by public money.

If this doesn’t happen, there is every likelihood cosy cartels will become the order of the day and prime property belonging to vested interests will be bailed out for their personal gain.

Putting it bluntly, they will be in a position to save their own investments by using public funds to do so.

Tom Fitzgerald
Four Roads
Askeaton
Co Limerick

This story appeared in the printed version of the Irish Examiner Saturday, December 05, 2009