Dáil debates
Thursday, 17 September 2009
National Asset Management Agency Bill 2009: Second Stage (Resumed).
12:00 pm
John Gormley (Dublin South East, Green Party)
Much of the talk yesterday centred on the risks and costs for the taxpayer and, yes, there are risks and costs associated with every one of the options mooted to get us out of our current crisis. Let us be clear, however, the risks and costs associated with NAMA arise if it does not make a profit. Another risk is that it works and promotes another property bubble. In formulating our policy, we have considered all of those costs and risks, and have sought at all times to minimise and eliminate any risk to the taxpayer.
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