Oireachtas Joint and Select Committees

Wednesday, 18 September 2024

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Conclusion of IBRC Special Liquidation and Dissolution of NAMA Bill: Department of Finance

1:30 pm

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael) | Oireachtas source

The banks that were in difficulty after the financial crash subsequently sold their loans on to vulture funds, for want of a better description, or other funds. Two questions arise. First is the question as to the number of people who were in NAMA, or forced into NAMA, who claim they should never have been there. There are some people who are in NAMA who were borrowers beforehand and who never missed a payment. That is what they say, and they question the reason for their being there at all, other than to boost the finances at the time to give a good balance sheet appearance. What is Mr. Carville's comment on that?

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