Joan Burton (Dublin West, Labour)

We were given indications some time ago that we would get the heads of the NAMA legislation before the Dáil rose, including the all-important head dealing with the issue of the valuation of the impaired loans and the price the State would pay to bail out the banks and take over the impaired loans. Is it likely that the NAMA legislation will be ready before the middle of the autumn? I understand there are serious difficulties with arriving at a reasonable basis of valuation that does not imply enormous extra costs over and beyond what we have been already told about.

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