Oireachtas Joint and Select Committees
Wednesday, 24 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Functions of NAMA: Discussion
2:50 pm
Michael McGrath (Cork South Central, Fianna Fail)
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Does Mr. McDonagh defend this practice? Does he feel this option and flexibility need to be retained even though not doing so would remove any suspicion of private deals where people can benefit and where the price achieved is not necessarily the best price? I know he stated NAMA gets an independent valuation, but no one knows what the value of property is today unless one puts it on the open market.