Seanad debates
Thursday, 6 October 2011
National Asset Management Agency
2:00 pm
Michael Noonan (Limerick City, Fine Gael)
NAMA must do its best. It is using market forces to recover as much as it can. The alternative is to appoint receivers, which costs €180 an hour, and there is no incentive other than to run down the business, sell the assets and give whatever is left to the creditors.
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