Mick Wallace (Wexford, Independent) | Oireachtas source

If they needed any more proof of the need for a commission of inquiry into the workings of NAMA, Members got it at the meeting of the Committee of Public Accounts last Thursday. Deputy McDonald challenged NAMA about redactions in its responses to questions from the Northern Ireland inquiry and in particular, details of Frank Cushnahan's conflict of interest declaration to the agency. NAMA's representatives told the Deputy they could not give them to her and were not even obliged to so do. Answers will not be forthcoming without a commission of inquiry. There have been a great number of questions but there have been absolutely no answers and I still am not convinced the Government wants the answers. Members still do not know why NAMA allowed the Project Eagle process to continue despite the involvement of Tughans and Brown Rudnick, which had been involved in the Pimco deal. Members still do not understand how NAMA could possibly tolerate the idea of selling Project Arrow to Cerberus, which is under criminal investigation in America and Britain. How in God's name can this be the case-----

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