Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Marco Buti:

-----no, that statement ... I think that statement overall ... I would not support that statement overall. I think we ... the sales of loans to NAMA in 2009 ... at 2009 values effectively insulated the banks of further decline in the property market. I think loans were sold at their long-term economic value. I think what our ... so, our experience in general with NAMA, even though it was not part of the adjustment programme-----

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