Oireachtas Joint and Select Committees
Thursday, 20 September 2018
Public Accounts Committee
National Asset Management Agency: Financial Statements 2016 and 2017
Comptroller and Auditor General Special Report No. 102: National Asset Management Agency Second Progress Report
9:00 am
Seán Fleming (Laois, Fianna Fail) | Oireachtas source
I do not think Mr. Daly will write a book about it either. I hope the witnesses understand that I am just trying to put in a paragraph about what NAMA did. It took in excess of €71 billion in Irish-controlled bank debt, for which it paid €31 billion. It held it for the State and ultimately disposed of it outside the State to private investment companies. Essentially, we reprivatised it abroad. In a sentence, that is what happened with NAMA.
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