canicemcavoy
Registered User
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- 601
Shane Ross doesn't pull any punches here about Mulcahy's unsuitabilty and the NAMA is going to be staffed by people who have been proven to be wrong:
Two years ago, [Morgan] Kelly was vilified by the establishment as a head-banger for predicting that property prices would fall by 50 per cent. Today Kelly has more credibility on property valuations than the combined wisdom of all the flawed auctioneers, bankers and compromised economists in the entire nation. Kelly compounded his heresy in early 2008 by brilliantly predicting a banking collapse.
[..]
Such independent courage in the face of the big battalions is rare. Kelly is the nemesis of bankers, auctioneers, mandarins and regulators. That gives him credibility.
Brian Lenihan should ask him to join the State’s property team. The master of detail could recruit a man capable of putting him right on the big picture.