Ideologically, Fine Gael would be quite conservative and not above some opportunistic populist opposition to the Government Nama proposals.  Creating a "good bank" rather than a "bad bank" could be little more than a PR advisor's idea.  What their opposition shows, however, is that opposition from both right and left is hardening to the Nama proposals, and that a range of alternatives - centring on investors/bondholders shouldering more of the risk - are becoming part of the political narrative.

notes from no w here