Dáil debates
Tuesday, 9 March 2010
Finance Bill 2010: Report Stage
He continues that "In Ireland this moral hazard was largely personal: 'Rogue-bank heads retired with their large fortunes intact.'" I have seen, and perhaps the Minister could confirm this, a frequently published list of the ten developer-property companies that have been identified for transfers to NAMA. One particular name that has appeared from time to time also appeared in the newspapers last weekend because of a personal dispute outside a pub in Ranelagh and a subsequent party. That individual was able to take people in a private plane to Marrakesh, with huge figures quoted for the cost of the weekend; some of the newspapers claimed this cost €80,000. If some of our developers can afford an €80,000 weekend in Marrakesh, as reported in the newspapers, how can the Minister stand over their being bailed out by NAMA? Could he not have a word in their ear?
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