NAMA fails the credibility test

WE have had nothing but broken promises from Fianna Fáil since the last general election? Why should the latest NAMA “promise” be any way different?

At the Galway races, Taoiseach Brian Cowen promised that the interests of the taxpayer would be protected by NAMA and that, in time, banks would provide the credit that Irish businesses desperately needed.

But is this the real reason why NAMA is being touted as the one and only saviour of this nation? And who really benefits most from NAMA?