Áine Collins (Cork North West, Fine Gael) | Oireachtas source

I accept this, but many developers are not involved in bricks and mortar or building actual houses because they subcontract this. I do not have an issue with whether NAMA is doing it or not. I have an issue with the fact Mr. McDonagh states NAMA is not a developer, but NAMA appointed the receiver to Bolands Mills and this receiver will build. This is absolutely fine and it makes proper sense, but I am concerned as to why Mr. McDonagh is making such a strong statement about not being a developer when the practices in which NAMA is engaged is a developer process to make the most from a particular asset and to sweat it to get it out the other end.