Dáil debates
Tuesday, 21 May 2013
Other Questions
NAMA Loans Sale
3:35 pm
Michael Noonan (Limerick City, Fine Gael) | Oireachtas source
As I have said, it is an independent organisation put in place by the Houses of the Oireachtas and I have confidence in it as an organisation. I believe it is doing what it says on the tin. It is behaving in accordance with its mandate and it is profitable at present. I have no plans to introduce amending legislation at present and I am not going to interfere with its process either. It is accountable both to the Minister and to the Houses of the Oireachtas. I will maintain that accountability but I will not interfere in commercial decisions being made by NAMA. As property prices rise in the country, I hope it will continue to be successful.
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