James Reilly (Dublin North, Fine Gael)

We will be paying even more over the odds than we realise in a falling market. There will be an opaque system with regard to who will manage the fund, how it is answerable to the Oireachtas and the opportunities for political interference and favours. Key to our economy will be to have lending available and NAMA does not guarantee this. What has been the experience to date? I see the Minister of State is shaking his head.

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