Dáil debates
Wednesday, 8 April 2009
Financial Resolution No. 11: General (Resumed).
1:00 pm
Eamon Ryan (Dublin South, Green Party)
The reality is that those assets must be managed. That is a book value and does not take into account the equity the developers might have had and, therefore, does not represent the full value even at the height of the property bubble. However, it must be recognised that those values are no longer real, that our banking system made fundamental mistakes and must address the loss.
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