Brian Lenihan, admitting that the NAMA legislation doesn’t force the banks to do very much, said they have a moral obligation to do the right thing.
I recommend this excellent analysis Gavin links to of the danger this government has exposed the taxpayer to in its scramble to protect the interests of bankers.
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Real legislation would force the banks to toe the line; ‘moral obligation’ will just encourage them to more ‘inappropriate behaviour…’

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