Oireachtas Joint and Select Committees
Thursday, 1 October 2015
Public Accounts Committee
National Asset Management Agency: Financial Statements 2014 (Resumed)
10:00 am
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
I am surprised to hear that, based on what Mr. McDonagh is saying to me now, when NAMA winds up sooner or later we will not be able to see the outworking of the loans it took over as to what each of the institutions cost. The biggest issue as a result of the banking and the property crisis is how much went in to bail out the banks. If NAMA comes out with a surplus or something else at the end of it, people will want to know whether most of the surplus came from the Bank of Ireland loans, the Anglo Irish Bank loans or as the case may be. There might be a simpler way to do this. Mr. McDonagh might not get it down to the last euro but he said NAMA manages 250 cases.
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