Lenihan shows too much faith in NAMA

THE “Minister for Banking” has insisted NAMA will be able to resist any legal challenges that may come its way. Notwithstanding the fact that such writs will be coming from some of the smartest shysters in the country, such an assertion begs the following question.

Could anyone, with hand on heart, say they actually have as much faith in Finance Minister Brian Lenihan as he apparently has in his own department’s legislative mandarins?

Because, in all likelihood, Minister Lenihan is simply regurgitating the soothing assurances he’s been given by the bureaucrats in Finance.

What the minister is really stating, with overly optimistic conviction, is that his legal advisers hope they don’t leave any loopholes in the NAMA legislation to be pounced on by their Four Courts counterparts who, no doubt, are already limbering up to be placed on retainers by property developers.

Sometimes I really wish I was so financially buffered as to have as much blind faith as Mr Lenihan when it comes to other people’s money.

Kieran Sullivan

Georgestown

Kilmacthomas

Co Waterford