NAMA adviser wrong about property valuations

[celticwarrior]

Confidence in the ability of NAMA to accurately assess the value of the collateral (mainly property) which it will take on with th bad debts of the Irish banks must be shaken as we learn that its main adviser, auctioneer John Mulcahy, did not forsee the collapse of commercial property prices in recent times:
http://www.irishtimes.com/newspaper/ire ... tml?via=mr