Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. You mentioned in your opening statement, page 14, that in some cases NAMA acquired some loans for only 10% or less of their face value. Presumably that would have been development land in many cases, or land which was unzoned.
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