Seanad debates

Monday, 9 November 2009

National Asset Management Agency Bill 2009: Second Stage

 

12:00 pm

Photo of Shane RossShane Ross (Independent)

That is in fees. The money could be spent this year instead of throwing it away to the people concerned. The Minister mentioned experts and expertise. I was a stockbroker for a long time and never came across anyone in that world who knew much about which stocks and shares to buy. This is the expertise in question. I have never come across anyone in the auctioneering world who knows how to value properties properly. I would not expect them to be able to do so. Why in the name of God are we paying such people €2.4 billion? We are and will be told what we want to hear and the Minister will pay them for it. Senator MacSharry referred to Davy Stockbrokers which is already peddling the Government's line about the economy. Its people are the only ones who are.

Comments

No comments

Log in or join to post a public comment.