Kieran O'Donnell (Limerick East, Fine Gael)

I have a similar question about the operating costs for NAMA. The understanding is that NAMA will take over all development loans, both impaired and performing. Is the Minister satisfied that this is the most efficient model, bearing in mind the cost to the taxpayer? The former Swedish Minister for Finance was before the Oireachtas Joint Committee on Finance and the Public Service yesterday. He was of the view that the Government should put money into the banks rather than purchasing assets as in the NAMA model. I ask the Minister to comment.

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