Ireland’s Bad Bank Cleared in Controversial Loan Sale Inquiry
National Asset Management Agency took over billions in risky debts following the global financial crash in 2008.
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An Irish inquiry broadly backed the nation’s so-called bad bank over the disposal of a controversial real estate portfolio, while criticizing elements of the sale.
The Irish government published the final report on Tuesday concluding a seven-year investigation into a property loan deal that left the National Asset Management Agency, the body set up in the aftermath of the country’s property bubble mired in controversy.