Dáil debates

Thursday, 5 November 2009

National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage

 

11:00 am

Photo of Paul GogartyPaul Gogarty (Dublin Mid West, Green Party)

In regard to this amendment, if NAMA decides in the interests of the State to divest itself of an asset at a profit, I argue it would be quite happy to do that. If an overseas investor makes a killing on the asset at a later stage when it appreciates further, so be it. We cannot crib over what NAMA should have done. Should NAMA hold on to every asset until the end of a ten-year period and then indicate whether the value of each asset has increased or should it try to make a killing where it can in the interests of the taxpayer? That is point I am making.

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