Oireachtas Joint and Select Committees

Wednesday, 8 November 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2017: Committee Stage (Resumed)

10:00 am

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

Some members said very clearly at the time it was a mistake for NAMA to unload all these property assets and that it should instead have given them to local authorities. It was likely that vulture funds would buy at bargain basement prices. There was considerable debate about whether NAMA was engaged in a fire sale. It is not true to say this was not the subject of hotly-disputed debate at the time. Those who opposed the strategy the Government followed in respect of NAMA have been vindicated by what has happened.

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