Oireachtas Joint and Select Committees
Wednesday, 16 December 2015
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of NAMA: Discussion
2:30 pm
Kieran O'Donnell (Limerick City, Fine Gael)
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I welcome the estimate of the €2 billion profit. To play devil's advocate, how would NAMA respond to the argument that there was a write-off of over €40 billion of taxpayers' money in terms of the banks so that the profit of €2 billion is on the values NAMA took them over at? How does NAMA respond to that argument? Will the profit actually be €2 billion?