Dáil debates

Thursday, 12 November 2009

National Asset Management Agency Bill 2009: From the Seanad

 

2:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

It is critical that the appointees to the valuation panel have the expertise to ensure grossly overvalued assets are not transferred to the agency. The Minister could have demonstrated to the public that he had deferred to an Oireachtas committee. His arguments do not stand up to scrutiny. He should appoint the panel in consultation with a committee to ensure the public is absolutely assured about the calibre of those appointed and that they have the expertise to properly adjudicate on the valuation of the assets, which should not be grossly overvalued at an alarming cost to the taxpayer.

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