Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
In terms of his testimony today, Dr. Bacon has clearly indicated his belief in the correct nature of the establishment of NAMA. He suggested that short-term debt recovery versus the realisation of the long-term value to the taxpayer may be debated. Is he of the view that if more capital had been available to NAMA in respect of work-outs rather than disposals, it could have given rise to better results for the taxpayer? Does he feel that the accelerated winding down of NAMA is in the best interests of the taxpayer? Should disposals and work-outs have been staggered and should there have been a focus on obtaining a better return for the taxpayer? Have the optimum results been achieved?
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