Nama obstinacy could lead to another state inquiry

Nama’s resistance to public scrutiny over its handling of the sale of a distressed loans in the North could result in harmful political fallout, writes Eamon Quinn

IT HAS taken some time, but it appears Nama’s obstinacy in resisting a wide-ranging public scrutiny over its handling of the sale of a big bundle of distressed bank loans advanced to property developers in the North, known as Project Eagle, could well lead to another state inquiry.

With opposition TDs now jumping on the bandwagon, the political fallout from the scandal has the potential to seriously wound Finance Minister Michael Noonan too.