Oireachtas Joint and Select Committees

Wednesday, 13 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

So can you give the committee an example, because obviously we know that NAMA took on board the loans of commercial property into NAMA and you have made very strong submissions and strong critique of NAMA in the past. Yet, they weren't houses that people owned mortgages from in rural Ireland or indeed in the capital city, they were commercial property in the most, in the main. So when you say that the CIF are only interested or only represent the construction part, the building part, when somebody has €1 billion of property loans, with the vast majority of that being commercial, do you not represent all of their interests or just part of their interest?

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