Dáil debates
Wednesday, 16 September 2009
National Asset Management Agency Bill 2009: Second Stage
4:00 pm
Joan Burton (Dublin West, Labour)
The tables the Minister has laid out indicate that he is offering a premium by way of the long-term economic value of between 10% and 15%. We do not know the breakdown between the five institutions but that is how I have worked it out from what the Minister said in his speech and from the tables. Why do couples or businesses whose properties are being repossessed by the banks not receive a 10% to 15% premium in respect of their long-term economic value? The Minister is proposing that developers-----
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