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Nama’s Final Chapter and Housing Truths | Cork News
Brendan McDonagh, head of Ireland’s Nama, defended the agency’s role in the housing crisis, insisting it wasn’t responsible for the lack of homes — and that holding onto land would have meant 44,500 fewer houses. Nama’s mission was to recover cash to pay down debt, not manage housing policy, and it achieved a net €11.2 billion benefit for the state, including €5.6 billion profit and full repayment of bailout funds. Despite losses on Anglo and Irish Nationwide loans, McDonagh claims Nama got the best possible returns, rejecting “firesale” accusations — even citing Project Eagle as proof they…
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