Dáil debates
Thursday, 5 November 2009
National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage
11:00 am
Terence Flanagan (Dublin North East, Fine Gael)
I support the amendment and ask the Minister to accept that the changes within it are necessary to reflect the purpose of the Bill, for example, that confidence be restored by proper lending taking place in financial institutions. We have had that debate over various days. It is the central purpose of this legislation and it is critical that it is reflected in the Bill. We want to see property drip-fed onto the property market, which is in bad enough shape at present without all of this property coming immediately on to the market. This is why we want paragraph (ix) of the amendment included in the Bill.
With regard to paragraph (x), we are all here to protect the taxpayer, as is our duty-----
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