Shane Ross (Independent)

That is corect, in which case they are guaranteed to get the work. It is the Government's line. Auctioneers will do the same. They will give NAMA the valuations it wants in return for fees. We do not need such a NAMA industry because no one will be independent, yet they will receive significant sums from the taxpayer. This activity would not be required were nationalisation involved.

I welcome the fact that there will be an Oireachtas committee, but I do not welcome the Bill in its current form because the principle behind it is a fantasy.