Dáil debates

Thursday, 17 September 2009

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

 

11:00 am

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael)

I would like the Government to go away and consider our suggestions. The Minister for Finance appointed one single person to draft a report on this - a stockbroker turned property developer. On the basis of that 11-page report, which I have not seen and in respect of which I have no knowledge what other input from the Department of Finance, the Central Bank, the regulator or other economic commentators were added, the Minister has proceeded down the road of introducing this NAMA legislation. It was done on the evidence and report of a single consultant who I have heard made references to coastal erosion in Longford in a draft of a report published a number of years ago.

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