If you would like to submit a contribution to our Readers Blog section then follow this link. Be sure to include your full name, address and contact number otherwise your submission will not be considered for publication. We will contact you prior to publication.

It’s hard to make sense of NAMA’s Northern sale

It may be a lot of money to you and me but in the context of the NAMA property sale in Northern Ireland €7 million is peanuts. The basic questions which must be put to NAMA are:

1. Why combine so many different properties in Northern Ireland into a single bundle valued at about €5 billion knowing that this figure would rule out a lot of potential bidders which is the last thing that any a seller should ever wish to do?

2. Was NAMA under such pressure to sell straight away?

Would it not have been prudent to set a reserve price which would send a message to potential bidders and, if not reached, would leave them free to withdraw the property and market it again later?

Finally, I know that NAMA is independent but independent does not mean unaccountable.

The above questions must be put to NAMA and answers demanded.

Brendan Casserly

Benvoirlich

Bishopstown

Cork

More on this topic

NAMA review finds it has made 'exceptional progress', will manage loan book beyond 2021NAMA review finds it has made 'exceptional progress', will manage loan book beyond 2021

Nama forced into €2m settlement with Revenue, correspondence revealsNama forced into €2m settlement with Revenue, correspondence reveals

'It is very frustrating to see it': Developers buy back Nama loans at discounts'It is very frustrating to see it': Developers buy back Nama loans at discounts

Taxpayers let down over historic assurances about NamaTaxpayers let down over historic assurances about Nama


Lifestyle

I see that a website describes the call of Canarian cory’s shearwaters as ‘waca waca’. It’s a mad, hysterical call, uttered when the parent birds arrive to feed their nestlings.Cory’s shearwaters show long-distance qualities

Is it too much to hope that an important public health matter, such as Lyme disease, will be an issue in the general election? There’s been a worrying reluctance by the authorities to face up to the extent of the disease here.Facing up to Lyme disease

A paper published in Current Biology examines the extinction of a colourful little bird which, until recently, thrived in the eastern US. With the appalling environmental catastrophe enveloping Australia, home to 56 of the world’s 370 parrot species, this account of the Carolina parakeet’s demise is timely.Trying to save the parrot is not all talk

The recent rescue of a trawler 20km north of Fanad Head in Co Donegal gave us a glimpse of the enormous seas that occasionally strike that part of the coast.Islands of Ireland: Inishbeg Island begs the question

More From The Irish Examiner