Catherine Murphy (Kildare North, Social Democrats)
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Section 172(3) of the National Asset Management Agency Act 2009 prohibits the agency from selling loans or property to a defaulting borrower or connected party. I have asked questions about this on several occasions when NAMA was here because we were hearing of people who were back in control of assets and we were asking how the hell that had happened, given that the State and the taxpayer picked up the tab, of the discounts as well as everything else, because of the losses in the banks. How is that not a connected party?