Seanad debates
Monday, 9 November 2009
National Asset Management Agency Bill 2009: Second Stage
12:00 pm
Shane Ross (Independent)
There is a real pricing problem. The figures are simple - the pricing mechanism has benefited the banks, while the taxpayer has suffered. We all know that the taxpayer is subsidising the banks, but this would not necessarily be the case had the banks been nationalised. There would not have been a pricing problem because the assets would have belonged to the State.
As I have only one minute left, I had better be quick.
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