Oireachtas Joint and Select Committees

Thursday, 1 October 2015

Public Accounts Committee

National Asset Management Agency: Financial Statements 2014 (Resumed)

10:00 am

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

The question asked by Deputy Deasy was, I think, also asked the last time. A view was expressed by some members and certainly by me that there was a point in that process when it should have been abandoned. That is my view - I am just saying that.

In terms of constituencies and who NAMA addresses, it may not have lost the confidence of the investment community - I hope it does not - but there is another constituency which engages with us here, namely, the people. In some cases, they raise a lot of questions about NAMA, some of which are out of frustration at trying themselves to deal with the organisation.

The group of people I met this morning is an example. I do not know them; they are not from my constituency. I was interested in their line of conversation with me and others around NAMA. That may be the constituency which NAMA is losing. Something should be done immediately to address it. That is why I asked earlier about allegations made, in this House or anywhere. That is where we get our information; it is the constituency which some may feed off to get negative traction in respect of NAMA. NAMA has not won the battle there.

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