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
Rose Conway-Walsh (Mayo, Sinn Fein) | Oireachtas source
As legislators we have to do everything we possibly can to examine what has gone on here. We have to remember that when NAMA was set up it had absolute and total control of the property market, land development and everything else. We now have a situation a number of years later whereby nobody can afford a house with everything that has gone on in the midst of a housing crisis that is having a large impact on the economy. When I read that it has had a neutral impact on the economy I think it is crazy. I wonder who looked at the external economics of this and at the short- and medium-term impacts. I cannot understand the closed mentality of how all of this was set up and then allowed to run in the way that it was. I would like a response to my question about the records.
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