Michael Mulcahy (Dublin South Central, Fianna Fail)

Let us be clear, the function of the proposed committee should be to review and scrutinise the work of NAMA to, as proposed, examine the quarterly reports, to bring before it witnesses and documents and to ensure that the policy of NAMA, as enunciated by this Dáil is being followed through. It should not be an oversight committee that looks over the shoulder of NAMA or tries to jump into the executive hot seat. That is not our system of government as set down in the Constitution.

I listened with great interest to the stimulating panorama presented by Deputy Michael D. Higgins. As usual, however, it was not complete. He spoke only about Anglo Irish Bank not being systemic. Unfortunately, the Labour Party did not support the bank guarantee scheme-----

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