Michael McGrath (Cork South Central, Fianna Fail)
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In his opening remarks, Mr. McDonagh made it very clear that NAMA's position is to get the best return for the State and any decision taken by the prospective purchaser subsequently is a commercial decision. Does NAMA take an opinion on the attitude of the prospective purchaser of a going concern who plans to shut down the business to asset strip it and sell it in parts, even if that causes damage to the economy in terms of employment? Is it NAMA's sole concern to get the best possible return for the State irrespective of what the buyer intends to do with the portfolio?