Former Taoiseach Brian Cowen seriously ill in hospital


Well-known member
Apr 13, 2011
The loss was taken by the bank when the original loans went into NAMA, though by cleaning up its balance sheet the bank had a better chance of quickly returning to profitability, which would benefit the State if it invested in that bank. Developer A remained liable for the full amount. Developer B did good business, and as a result housing gets built.

What would you suggest instead?
I am not saying it was 100% prearranged but some collusion was at play here.

It's the taxpayer who owns the loss now. there is no way around it hbap.

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