The Neo Keynesian fraudulent market externality called NAMA will crucify an already struggling Hotel sector as it will support and subsidise the newer Hotels that were built that come under its wing in the New Year. Normal market forces would close these places as they have huge mortgages and established long existing ones should survive. However NAMA will support the new ones and will therefore keep prices artifically low and will bankrupt the older hotels.
The fusion of corporation and state happened before. Mussolini did it it in Italy during the 1930s. It was called Fascism. Thats 21st century Ireland for you, Neo Feudalist Fascism.
Hotels hit as guests refuse to eat in - National News, Frontpage - Independent.ie