NAMA defends debtor builders’ €200k

THE National Asset Management Agency has defended its decision to sanction salaries of up to €200,000 for developers who owe in excess of €1 billion to taxpayers.

NAMA defends debtor builders’ €200k
Sat, 10 Sep, 2011 - 01:00
Sean McCarthaigh

Top executives at NAMA yesterday defended the salaries on the basis that developers were best-placed to recover the maximum amount of debt owed to the state.

During questioning by the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, it was also revealed that NAMA:

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CourtsPoliticsPerson: Frank DalyPerson: DalyPerson: Fianna FailPerson: TDPerson: Michael McGrathPerson: Brendan McDonaghPerson: McDonaghOrganisation: NAMAOrganisation: National Asset Management AgencyOrganisation: Joint Oireachtas Committee on Finance, Public Expenditure and ReformOrganisation: NWASOrganisation: nHad

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