Worthless property is no great asset to NAMA

WE are being told over and over again that NAMA will be good for the country in the long run. But that remains to be seen.

Again the “patients” – the banks and building societies – are getting off scot-free for reckless behaviour while the taxpayer picks up the tab.

We all know it will take at least 10 years to win back the 300,000 or so jobs lost over the past three years. So many of the empty office blocs and warehouse will remain valueless well into the future. How can NAMA look on them as assets?