NAMA, the NTMA and The Public Interest

A third of the people working for NTMA aand NAMA earn more tha n 100,000 a year and 16 earn more than 200,000 p.a. so why are they selling national assets like Booterstown marsh off so cheaply? many of the deals they have made had been very poor value for Irish taxpayers.

It's a Political World

Having purchased the Sunday Independent (17th May),  largely for a 10 Euro off Lidl voucher, I came across an article on N.A.M.A that was both alarming and eye opening.

I have long held the view that this outfit would end up as a national scandal at some stage. On reading this article I discovered that we have taken stupidity and incompetence to a whole new level. But first a brief recap:

The NTMA is the body which handles the state debt. It incorporates NAMA (the National Asset Management Agency), the body established by the Government to handle toxic bank loans.

Recent figures reveal staff at the National Treasury Management Agency (NTMA), which incorporates NAMA, to be among the best-paid in the public sector. The figures show:
– 202 NTMA staff earn up to €100,000.
– 65 earn between €100,001 and €150,000.
– 22 earn between €150,001 and €200,000.

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