Dáil debates

Thursday, 17 September 2009

National Asset Management Agency Bill 2009: Second Stage (Resumed)

 

6:00 pm

Photo of Mary WhiteMary White (Carlow-Kilkenny, Green Party)

In our new Planning and Development (Amendment) Bill 2009 we will make sure planning is the most dynamic part of the new legislation. We must also prevent such a situation from arising again in the property market.

The Labour Party's red NAMA and Fine Gael's magic-wand blue NAMA do not compare favourably with the current approach, which balances asset management, tight controls and taxpayer protection with social opportunities and provisions for preventing mistakes from happening again.

I recently read T. S. Eliot's The Waste Land, which is a marvellous poem about the human condition. It is a stunning epitaph to what has gone before us which has brought us to this day's debate on the NAMA legislation. The wasteland must not be revisited except in the poetry books in our homes and libraries. T. S. Eliot's stark words about what happens to a greedy population should be read by everybody in the House.

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