Brian Cowen (Laois-Offaly, Fianna Fail)

Deputy Kenny misrepresents the position. There are no sweetheart deals with regard to the National Asset Management Agency. The dealings are on a loan by loan basis and they have been aggressively valued. We were the first country to do that and there is every prospect that will be recognised. There is no question of imposing a national asset management style approach to residential customers. We do not propose - as the Deputy seems to - to take the assets and sell them, because that is what NAMA will do. I cannot understand from where the Deputy's fuzzy thinking comes on NAMA.

See this speech in context