Nama must crack its curate's egg problem

[BoyRacer]

Nama must crack its curate’s egg problem → belfasttelegraph.co.uk/busin … 42829.html

A s the year ended, the Republic’s toxic loans agency Nama was suffering something of an identity crisis. The agency headed by Brendan McDonagh and Frank Daly knows what it isn’t.
Peter Stewart, the head of Nama’s advisory committee in Northern Ireland, estimated that £3.35m of loans on assets here would be acquired up by the agency.
At various times during 2010, chief executive McDonagh and chairman Daly said Nama isn’t a “liquidation vehicle”, isn’t a “bad bank” and certainly isn’t a “bailout for developers or the banks”.
Officially it is an asset management company but this somewhat hazy and neutral description sits uncomfortably with the public, the political establishment and with Irish business.

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