Mr. Brendan McDonagh:

All I am doing is pointing out the factual position. It is in our interest that our debtors maximise return from their properties to pay off as much debt as possible, because the deficit between what the banks lent and what NAMA paid for the loans represented an extraordinary cost to the taxpayer when it came to funding and recapitalising the banks. We have to try to make back as much as we can on our portfolio. We can only do that if our debtors maximise the return on their portfolio. Deputy Boyd Barrett might not like it, but that is the legislation we are operating under. I am simply pointing out the facts.