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NAMA was actually designed to do this. Its model works thus: you have a property worth $50m, for which a developer has a loan of $100m, you pay the bank $20 for the loan, re-capitalise the bank for the $80m shortfall (i.e. repay the German inter-bank lender) through off-books sovereign debt, then sell the property for $30m, making (ahem) a $10m 'profit'. So NAMA then is a success, because it drove a profit from its loan book. The State, meanwhile, is crippled.
Anyone can be successful if they are allowed to define the rules for success themselves. Small minds are destroying this place.