Sign up to The Irish Times Archive (1859 - 2008)My Account »

Hiding decision-making processes behind the cloak of ‘commercial sensitivity’ is no way to build trust in the asset management agency, writes ELAINE BYRNE

BRIAN LENIHAN scares me sometimes. When Áine Lawlor asked him on Morning Irelandlast Friday about Nama’s process of valuing toxic assets, he had this to say: “Some of the land is at present not sellable in what is a very illiquid market and some allowance can be made, and it’s a limited allowance, but some allowance can be made for that in determination of what’s a fair price . . . some allowance can be made for longer term economic value.”