Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Mr. Frank Daly:

Well I am not a politician. I do not know. Sometimes I might ask whether there is an agenda out there to stop NAMA in its tracks and slow us down. There seems to be a lot of focus on Project Arrow and whether we should stop it. I am not just talking about Deputy Wallace. There is a lot of that. I go back to my Latin teacher a long time ago who was fond of quoting Cicero. Cicero had a phrase, cui bono- who benefits? It is not for me but I sometimes think that maybe it is for others to wonder if there is a campaign to stop NAMA and slow it down. Who would benefit? I know who will not benefit. The ordinary taxpayer in this country will not benefit.

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