Dáil debates
Thursday, 5 November 2009
National Asset Management Agency Bill 2009: Report Stage (Resumed) and Final Stage
11:00 am
Paul 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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