Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

I have read section 10 of the Act and I note that it includes that NAMA's "purposes shall be to contribute to the achievement of the purposes specified in section 2 by". Section 2 is referred to as an overall guiding principle, and included in the overall guiding principle is the point about contributing to the social and economic development of the State. That is one of the principles of NAMA. It is not simply about getting the largest amount of money in the shortest amount of time. It is meant to have an aim of contributing to the social and economic development of the State. Does Mr. McDonagh not accept that there are at least grounds to make an argument there that NAMA could have imposed some conditions as opposed to just selling off all this land and loans to vulture funds?