O’Keeffe hits out at toxic assets agency

MAVERICK Fianna Fáil TD Ned O’Keeffe shocked fellow TDs last night by expressing strong opposition to the new toxic assets agency.

The Cork East deputy told a meeting of the parliament party that the National Asset Management Agency, which will buy up to €90 billion in bad debts, was a bad idea.

He criticised economists for advising the Government a “bad bank” concept was correct, singling out the economist Peter Bacon for criticism.