Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

3:20 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Any wider implications for economic development is none of NAMA's concern. I am giving Mr. McDonagh an opportunity to defend his position because I think it is clear. NAMA will sell to the highest bidder irrespective of the bidder's intentions for the assets and the consequences, which may be positive or negative, for the economy.

Is that NAMA's position?