Forget NAMA — let’s start again

IT seems beyond any reasonable doubt that the response to the banking crisis will shape the country’s future for years or generations to come.

In this regard major concerns about NAMA are expressed, calmly and logically, by a range of sources across the ideological spectrum and even within the government coalition itself.

The recent apparent willingness of a large Canadian financial institution to invest (post-NAMA) in one of Ireland’s biggest banks is in itself the clearest signal that NAMA will shift the massive risks involved from the market to the taxpayer.