NAMA sideshow failed

NAMA is a sideshow — the real issue is government debt.

And here’s why: the Government’s day-to-day debt is so massive right now that just three years of that accumulated debt would buy all the NAMA loans lock stock and barrel (without needing to set up NAMA to do it).

The State — that’s you and me — would own the lot outright. And effectively actually own all of the associated property. Entirely.