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Wed 09 Sep 2009Banks loaned billions without examining developers' affairs
ANALYSIS: THAT THE creation of Nama will mean it gets an overview of the business affairs of most of the State’s largest property developers is a given, but that the banks don’t already have such an overview will come as a surprise to most, writes COLM KEENA, Public Affairs Correspondent
Yet that is exactly the case, according to one source with a good knowledge of the banking and property sectors, and how Nama will deal with them.
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