Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
4:40 pm
Arthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source
Effectively, that figure is a little larger.
Regarding the people NAMA is consensually dealing with, obviously it has had the write-down of the debt from the bank. Is there further debt write-down going on within that agreement because these people will not be subject to the rigours of an administrator, a receiver or a liquidator? Does NAMA have the autonomy, without circulating through the Department of Finance or anybody else, to further write down debt for that loan to be repaired?
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