Brian Lenihan Jnr (Dublin West, Fianna Fail)

I do not accept the premises in Deputy Bruton's question at all. The purpose of NAMA, as I made clear at the time, is to clean up the balance sheets of the banks in accordance with the best international guidance on that subject. The President has now signed the necessary legislation, consultations will take place about the appointment of the board with the Opposition leaders and it is my intention, on my legislative powers, to issue appropriate directions to the banks on credit supply in the economy.

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