FG: Concerns on NAMA disturbing

NTMA chief executive Michael Somers’ frank comments about the proposed Government scheme to clean up the banks were “extremely disturbing” and raised many serious questions, the opposition said last night.

Fine Gael yet again voiced its opposition to the National Asset Management Agency (NAMA), the body being set up to take property loans off the banks’ hands. It is to be established under the aegis of the NTMA (National Treasury Management Agency).

Mr Somers told the Public Accounts Committee yesterday: “I’m still not sure how the proposed NAMA operation will interact with the NTMA.”