A look into NAMA’s troubled existence

Agency faces further problems as Anglo and Irish Nationwide’s toxic loans are moved, says business correspondent John Walsh

THE National Asset Management Agency was set up in 2009 amid a whirlwind of controversy.

The then minister for finance, Brian Lenihan, claimed it would not only make a €5bn profit for the State, but would also save the banking system. Its critics claimed Nama was a monster that would create a multibillion-euro contingent liability that had the potential to sink the State.