Éamon Ó Cuív (Galway West, Fianna Fail)

I am delighted because the Senator's proposal is a significant vote of confidence in NAMA by his party. I welcome this after a long and comprehensive debate. People are converging on NAMA being the way out.

I believe in the theory of proportionate risk. One must consider two elements when taking a risk, the first of which is knowledge. Professional investors are always in a better position to make a judgment. Second, the risk multiplied by the proportion of one's total resources is an important equation. Those who are of little resources and take high risks are always the ones to lose. I have outlined the position and we believe that our decision is prudent and right.