Kate O'Connell (Dublin Bay South, Fine Gael) | Oireachtas source

Therefore it is one third. As someone who is not an expert, it seems obvious to me that we might be exposing the Irish people yet again if something goes wrong.

On investment in private companies for the delivery of housing, whether social or private, it is clear to a non-expert that there are strong yields in the rental market. Does the NTMA's remit have any element of social conscience? The purpose of investing is to make money. I acknowledge that interest rates are very low and therefore putting money in bank accounts does not result in good returns. Is it not morally wrong that State funds are put into a private company where the return is based on the acceleration of rents? Would Mr. O'Kelly agree that this is contradictory? It follows on from Deputy Connolly's question earlier.