Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Is the following not obvious when one looks at how things are panning out? I acknowledge the point made by Mr. McDonagh at the beginning of his statement that previously it was not commercially viable to build and it is only just about becoming commercially viable to build now. I accept that this is a mandate that was set for NAMA, so in some ways it is not really NAMA's responsibility but that of the Government. Against a background in which NAMA was set up to deal with a disastrous market failure, that same market has dictated to NAMA and to the Government what is and is not built. The net result is that we have a chronic housing crisis and NAMA has delivered next to nothing to flatten out the boom-slump cycle when it comes to housing. Is that what Mr. McDonagh has more or less admitted?