Dáil debates

Thursday, 30 September 2010

Announcement by Minister for Finance on Banking of 30 September 2010: Statements

 

10:30 am

Photo of Michael NoonanMichael Noonan (Limerick East, Fine Gael)

The Minister could still have done what he is doing now. Instead of using the €2.5 billion provided for in the NAMA business plan to pay smart accountants to go through the files one by one, he could have done what he now proposes, namely, take a tranche of loans, sample it, arrive at a discount and proceed with the transfer.

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