Seanad debates
Wednesday, 11 November 2009
National Asset Management Agency Bill 2009: Committee Stage (Resumed)
12:00 pm
Paddy Burke (Fine Gael)
Yes, it is the core of the Bill. If money does not start flowing to businesses, there will be no money to meet the €54 billion that the Bill is all about. If NAMA makes a loss, the Minister has said there will be a surcharge on the banks. We could alter the section to state the surcharge would be lower on those banks willing to lend to those who put a business plan in place and take risks.
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