Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
4:20 pm
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
That would be an amount of the order of that to which we referred earlier, namely, one tenth of €70 billion. That cannot all be managed by the staff in the organisations to which I refer. This is the only instance in which NAMA is relying on the original par value. In every other instance, it proceeds on the basis of what it paid. Is it overcompensating in this case and is that a fair price?
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