Stephen Donnelly (Wicklow, Independent) | Oireachtas source

I do not believe the Taoiseach understands what is going on. The fund managers are in Dublin meeting the special liquidator and they have put bids together. The only thing the Taoiseach seems to be saying is that NAMA may buy the portfolios instead. The Government is selling 13,000 families down the river based on a secret report from one group of consultants to another. Only two reasons from the secret report are being cited by the Government. One is that selling to the fund managers is more efficient and the second is that it will raise more money. How much more efficient is it? How much more money will be raised? What is the total value to the State of the various options? Was the impact on families analysed in the report? What effort is being made to figure out how the loans could be sold to the families? We do not have the answers to any of these questions because of secrecy. If the Taoiseach needs to redact parts of the report to protect commercial sensitivity, that is fine, but he must publish it. Some 13,000 Irish families have the right to know why they are being abandoned by their own Government.

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