Mark Daly (Fianna Fail) | Oireachtas source

-----why NAMA is not selling property in an open and transparent manner. Under the legislation, NAMA must sell those properties as if they were State assets, which must be sold by auction or tender. As Senator Paul Coghlan is aware, most of the time we only find out after the event that properties have been sold. In some cases, the people who took out the large loans in the first place are the buyers. The programme for Government reads: "We will insist on the highest standards of transparency in the operation of NAMA, on reduction in the costs associated with the operation of NAMA, and that decision-making in NAMA does not delay the restoration of the Irish property market".