Mick Wallace (Wexford, Independent) | Oireachtas source

We have sold a large slice of Ireland to vulture funds for a fraction of its value. Cerberus alone has bought par value loans of more than €25 billion for a fraction of what they are worth and it has wreaked havoc. How can the Minister claim he is not responsible for anything the National Asset Management Agency does? To whom is NAMA responsible, if not the Minister for Finance? Is the Minister telling the House he does not have any influence or control over what NAMA does? It beggars belief that no one has taken the agency to task in recent years. If the truth is told and a proper investigation carried out, I reckon we will find that NAMA has cost the State approximately €20 billion as a result of the manner in which it has operated.

See this speech in context