Paul Murphy (Dublin South West, Socialist Party)
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I thank the NAMA representatives for the presentation. Question No. 15 concerns the number of developers retained since the establishment of NAMA and the salaries paid to them. There are 122 developers, and with around 95 paid over €50,000 and 50 paid over €100,000. Can Mr. Daly provide the justification for why working with debtors - who are basically failed developers - is a less costly option than enforcement and the employment of external asset managers? Is that it in terms of remuneration, or are there other benefits that are not included in the salary package? Are there car benefits, golf club memberships or other things that are not included in the salary package? Are developers allowed to hold onto second houses, such as in the K Club? Is there a range of things that people hold onto on top of the salary of €200,000?