He was not yet on buddy buddy terms with the NAMA boys?
Or he actually believed Lenihan’s declaration that Nama would pursue the full amount ?
There was a lot of talk in the early days of how NAMA would definitely not be a bailout for developers. Perhaps no one had had a word in his ear before he filed the case.
“We’re on your side, Paddy. We’re here to put things back the way they were. To ensure the market is rigged. To ensure high commercial rents. To ensure the provision of preposterous mortgages to the young so they can buy your shoebox apartments. To ensure the continuation of the impersonal, corporate, high-powered-marketing-driven paradigm that has us all wealthy men, Paddy. We have armies of valuers who work for us - salaried men in our pockets. We have the will, we have the means. Work with us , Paddy.”