Oireachtas Joint and Select Committees

Thursday, 13 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

9:00 am

Photo of Bobby AylwardBobby Aylward (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

As has been explained already, the loan book was sold off instead of the assets. We have questioned representatives of NAMA and others. Does Mr. Rowntree believe that instead of selling the loan book in one big lump, it would have been better to sell the assets over four or five years? Would more money have been realised in the long term if it had been done gradually rather than selling off the whole lot in one go?

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