Dáil debates

Thursday, 2 July 2015

12:15 pm

Photo of Mick WallaceMick Wallace (Wexford, Independent) | Oireachtas source

Am I to take from what she said that the Tánaiste is happy with how NAMA has worked? The oversight mechanism she proposed in 2009 has not happened, but does she not feel it would have been a significant benefit? She did not address that question.

The Tánaiste said it would be better if politicians were not involved in this episode.

We have had politicians involved and the Minister for Finance, Deputy Michael Noonan, and Mr. Sammy Wilson, MLA, were involved in the reappointment of the two men concerned. One of them was reappointed for a second time in 2014, despite the damning report of the Northern Ireland Housing Executive. I find that difficult to understand and I also find it difficult to accept that the Tánaiste would be okay with that.

The legal firm acting for Cerberus Capital Management, which purchased the Northern Ireland loan portfolio for €1.5 billion, was Tughans of Belfast. It has been reported that during a routine audit-----

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