Here is a full run of several assumptions scenarios for NAMA costings as based on joint work by Brian Lucey and myself. Note the changes in various assumptions. And note what is required for a break even scenario. It is beyond any doubt in my mind that NAMA cannot be made to work so as not to yield a substantial loss to the taxpayers. Any claims to the contrary are, in my view, a patent lie or an egregious error of judgement.
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