Dáil debates
Wednesday, 4 November 2009
National Asset Management Agency Bill 2009: Report Stage (Resumed).
5:00 am
Arthur Morgan (Louth, Sinn Fein)
I commend Deputy Richard Bruton and Fine Gael on tabling this amendment. It offers the Government an opportunity to include it in the Bill to ensure there is some type of clarity and oversight regarding what these SPVs may do. I believe the SPV will take power from NAMA. It will take the driver and engine from NAMA and leave it like a shell. It is a completely separate entity.
Why is that happening? Obviously, we were misled on Second Stage when there was no mention of this. When it emerged over the past couple of weeks I wondered-----
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