Context needed in Project Eagle sale discussion

“Those Northerners eh? You just couldn’t be up to them” — that seems to be, at least part of, the rationale presented as to why Nama decided to dispose of its Northern Ireland loan book when it did.

‘Project Eagle’ has swung full circle now, and the Government’s decision to finally investigate the sale ensures the story will be with us for some time to come.

The Comptroller and Auditor General’s report has also drawn increased attention to current Nama auctions.