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Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (Resumed) (6 Nov 2019): Pearse Doherty: ...homes. They were driven by commercial property, as we know. While there were some domestic properties included in the €74 billion of assets transferred to the National Asset Management Agency, NAMA, from the banks, commercial property transactions made up most of that transfer. While I welcome the increase from 6% to 7.5%, I therefore believe the Minister should have gone further...
Select Committee on Finance, Public Expenditure and Reform, and Taoiseach: Finance Bill 2019: Committee Stage (Resumed) (6 Nov 2019): Pearse Doherty: ..., so the Minister's claim on three occasions that he simply could not do it is not true. Of course he can restrict the carrying forward of losses by banks because Brian Lenihan did it as part of the NAMA legislation. I will leave it at those two points. I just wanted to correct the record.

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