Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

And finally, both of you, and I think Mr. McDonagh on page four of your opening statement, you referred to, and he went off script I think even a little bit, to refer to the fact that there was no fire sale ... you mentioned Dr. Bacon specifically. There is evidence that exists of property sold by NAMA that were subsequently resold at significantly increased prices which would seem to contradict the evidence ... or the statement that you made with regard to the absence of a fire sale element within NAMA. And you particularly referenced a good performance in the UK market. I will just ask briefly maybe for you to comment on, not specific examples, but on some of those.

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