http://www.guardian.co.uk/business/ireland-business-blo... "A lot of these people have done an awful lot of damage to the country and they really should work for nothing for the country," he told Prime Time Investigates last night.
He described some of the developers as "greedy" or "in denial" but said some had shown they were willing to work with NAMA.
One developer, he revealed, wanted a €1.5m a year salary to continue running his property empire.
"I think it got about 20 seconds' consideration before it was thrown out," said Daly...
One developer in Cork, Michael O'Flynn, still flies to race meetings in a helicopter. The Augusta eight-seater helicopter costs about €3.5m second hand. He did not personally guarantee his loans and NAMA, this morning, suggested the helicopter was a "lifestyle asset" not funded by any of the five banks participating in NAMA.
Another, Gerry Gannon, the main focus of the investigation, legally transferred 29 properties to his wife Margaret in the last year, in effect moving them out of reach of NAMA should it need to foreclose on any of the loans now on its books...
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