Paul Coghlan (Fine Gael) | Oireachtas source

I am not discussing yesterday's business. I will raise it separately. I am very concerned that IBRC has two liquidators who were formerly KPMG staff. KPMG was the auditor to the Irish Nationwide Building Society, and two of its former staff are the liquidators of IBRC. I am concerned there is an apparent blatant conflict of interest. I read yesterday evening that Mr. Justice Peter Kelly is equally concerned and he has joined them as a notice party in an action before the courts. In regard to the question of residential mortgages, which my good friends opposite are concerned about and about which I am equally concerned, I do not think that is the business of IBRC. There is some suggestion that €200 million of loans will be floated and will be let go to NAMA. I do not believe that is the business of NAMA. I think the loans should be given to AIB or Bank of Ireland and the banks should work them out because they have the people to deal with it. Of course, nobody should be dispossessed. Anybody who is making an effort should be left in their homes, as to do otherwise would be disastrous for society. I hope the loans in respect of Irish Nationwide will go to the banks and not NAMA or IBRC.