NAMA to pay salaries, expenses to developers

BAILED-OUT developers are set to receive salaries and expenses from NAMA, it has emerged, but the toxic bank last night insisted it would not be supporting lavish lifestyles.

The decision to pay the wages of developers will shock taxpayers who have already been landed with a €16 billion bill to take over the loans of the country’s top 10 building tycoons.

A spokesman for the National Asset Management Agency (NAMA) yesterday confirmed it was considering the business plans of the broke developers, which include living expenses and salaries.