Mick Wallace (Wexford, Independent)

I agree with much of what the Minister has said about NAMA. Being involved in the industry myself, I am convinced most of the stuff with which NAMA is liable to flood the market will be sold at a good deal less than its real value. In the case of as much of the property as possible, whether for sports, cultural or residential purposes, the more that remains in State hands, the better for the country. Does the Minister agree that in many cases not only will there be arts and cultural benefits, but there will be a better return for the taxpayer as well given that much of what will be sold off will be bought by foreign investors at a knock-down price?

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