Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014

9:30 am

Photo of John DeasyJohn Deasy (Waterford, Fine Gael) | Oireachtas source

This is important. Mr. Daly dealt with the misinformation and disinformation in the media with regard to the €5.7 billion. It is important these errors are corrected. If this is clarified, we are back to the €1.6 billion paid for acquiring these loans in the first place and the €280 million that was ultimately lost. All I am saying at this point is the taxpayer will want to know whether this was the best deal at the time. I believe that is the priority for the taxpayers when they look at this entire saga. What will interest them is whether NAMA is making the correct decisions on the disposal of these properties, in this case a massive loan book.

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