Seanad debates

Thursday, 9 December 2010

10:30 am

Photo of Paul CoghlanPaul Coghlan (Fine Gael)

Senator O'Toole raised interesting points about legislation, to which Senator Boyle responded, but I would also like to hear the Leader's response. Is there a timetable for the processing of this and other legislation? The points made by Senator O'Toole which Senator Boyle welcomed should be taken on board. The Seanad could play a constructive role before the dissolution of the Dáil.

Another serious matter has been confirmed. As suspected for some time, the banks deliberately falsified information and misled the National Asset Management Agency. There are other problems with NAMA, for example, how the investment market should be kickstarted, given that NAMA's portfolio amounts to a figure of €81 billion, two thirds or more of which is invested in Ireland. The market is so stagnant that there will be no movement, unless NAMA takes the initiative.

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