State ‘bad bank’ Nama has more than paid its way, and is now on track to wind down in 2025
For all its critics – and there were many – Nama can argue that the end justifies the means
Brendan McDonagh, Nama chief executive
They said it wouldn’t work.
When the Fianna Fáil government of 2009 set up the National Asset Management Agency (Nama) in response to the banking crisis, critics lined up to say it was a reckless gamble, a bailout for banks, and unfair to taxpayers.
