I was quite dismayed to read the main headline in the Irish Times this morning confirming what many of us have feared - that the head of the National Treasury Management Agency (NTMA), who is supposed to be running the states “bad bank” has nowhere near the staff necessary to manage all these loans, and worse still, he still doesn’t know how it will be set up and operated.

Apparently a committee is being setup to have a discussion about it next week. It’s enough to make a grown man weep.

Comments welcome.

Kind Regards

Colin Murphy

Director

www.torcana.com

Tags: bad bank, Irish Times, NAMA

This entry was posted on Friday, May 15th, 2009 at 4:06 pm and is filed under General Opinion. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.