Oireachtas Joint and Select Committees

Friday, 20 December 2013

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
NAMA - Annual Report and Financial Statements 2012

1:10 pm

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I challenge Mr. McDonagh to vox pop on the streets of this town and suggest that as a proposition to anybody with an ounce of cop-on, and I will wager that the average intelligent person will have a problem with that. It raises a problem. In addition to NAMA being out of reach in terms of democratic oversight, as Mr. Daly has set out, for reasons of commercial sensitivity, there is the high level of staff turnover, no correct cooling-off period and the arrangement where staff can go off and work for another entity which has a commercial relationship with NAMA. That is not helpful to NAMA's credibility or standing. Mr. McDonagh would be concerned about this. Is he here really because he feels that damage has been inflicted or that there is an orchestrated attempt to undermine the integrity and practices of his organisation, and to set the record straight in that regard?

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