Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

2:50 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Does Mr. McDonagh defend this practice? Does he feel this option and flexibility need to be retained even though not doing so would remove any suspicion of private deals where people can benefit and where the price achieved is not necessarily the best price? I know he stated NAMA gets an independent valuation, but no one knows what the value of property is today unless one puts it on the open market.

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