More on NAMA
Readers of this blog may recall a Freedom of Information request to the Taoiseach and the Minister for Finance for details of the discussion between the Government and the EU Commission relating to the price at which Irish bank assets would transfer into NAMA. That information was never furnished. It is no surprise, therefore that NAMA has claimed exemption from complying with any Freedom of Information requests. There is a possibility for some information leakage, however. J K Galbraith records, […]
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NAMA is a scandal. It is a scheme to transfer taxpayers’ money to private institutions without a rational justification.
At a time when the finances of the State are so badly stretched, Ireland cannot afford this.
You are reported in the Irish Times as having cited the European Commission, the International Monetary Fund and, possibly, the European Central Bank as having advised the Government (i.e., you) to adopt the NAMA solution to Ireland’s financial woes.