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 Pearse DohertyPearse Doherty (Donegal, Sinn Fein) | Oireachtas source

When Mr. Carville says “expeditiously”, does that give comfort to NAMA in relation to fire sales, when it sold property that turned out to incur multiple millions of euro in losses, because the developers who bought those properties flipped them for hundreds of millions of euro shortly afterwards? Does that word “expeditiously” trump value for money or the “M” in NAMA, which is “management” of the assets?

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