NAMA PAY

One other slightly interesting factoid about the whole NAMA set-up, to hit the business pages this month, was the matter of pay.

Pay for the top execs hired to administer the NAMA scheme was bumped up by at least 70% in some cases.

Is this another case of banking largesse in the face of public expenditure cuts in every other area?

One could see how someone might have under estimated pay by a few percent here or there, but to the tune of 70%.

It makes the mind boggle even more than it was boggling.