Allegations on Nama sale: Credibility stretched

NEARLY every parish in Ireland has a version of Independent TD Mick Wallace’s startling Dáil revelations about the sale in 2014 to Cerberus Capital Management of Nama’s Northern Ireland loan book. 

Those allegations involve a very different cast of actors at each telling and, no matter how widely circulated, no matter how many mothers’ graves are sworn on, it does not mean that they are true.

However, in a society like this, even one where we may be too quick to believe the worst, the old theory — there’s no smoke without fire — will probably prevail. History suggests we would be very foolish to dismiss allegations of corruption.