Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
What's in the public domain gentlemen is that you took over a substantial debt that developers are responsible for, or let me put it generically so to see if we can get some satisfaction here ... That you took over debts that developers are responsible for, that they were sold off to major hedge funds, etc., at a cut, a reduced, quite a reduced rate. Where then stands Mr. Lenihan's and the developer goes with them, where there stands Mr. Lenihan's and the Government's assurance that anyone who owes money before NAMA will continue to owe it and is expected to repay the full amount?
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