Eugene Regan (Fine Gael)

Seeing that we are approaching the end of term, one of the most important decisions made in the House, reluctantly, was to pass the NAMA legislation. Some speakers referred to Anglo Irish Bank. I refer to a statement by a former director of the bank, Mr. Frank Daly, now chairman of NAMA, that the banks had misled NAMA. Media comment, in particular, has adopted this line uncritically. It is a national pastime to bash the banks, but we have to look at the issue more closely.