Wednesday, February 10, 2010

Lunatics to run asylum

The executive team of NAMA has been named. The head of portfolio management is John Mulcahy, "former chairman of auctioneers Jones Lang LaSalle".

Head of credit risk is Ronnie Hanna, who has held several senior positions in Ulster Bank.

So they've put a banker and an estate agent in to help sort it all out.

Grand - nothing to worry about there. I'm glad it's not a bunch of political insiders and cosy cronies or anything.

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