Maths Is Hard

at

Speaking in the Dáil this afternoon, Taoiseach Brian Cowen said the agency would make a profit “somewhere in the order of €1 billion”.

He said there had been some misunderstanding of the Nama plan in advance of its publication. “It is not true to say that Nama expects to make a loss,” he added.

Irish Times July 6, 2010

Nama, which announced a loss of €714 million for last year, said another €3.5 billion of loans may be acquired over the coming months.

Irish Times May 4, 2011

Ah well. No harm done, eh?

(Photocall Ireland)

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