NAMA performance and transparency
Senator Coghlan praises NAMA’s economic contribution, debt repayments and role in Dublin development. Senator Daly challenges its lack of transparency, while the Leader highlights its expected early completion and wider economic priorities.
I also warmly welcome the members of the Irish Deaf Society to the Visitors Gallery and concur with the remarks made by Members on both sides of House about being properly supportive of them.
As Senator Quinn reminded us, thankfully, we have had some good news about the economy. In that connection, I greatly welcome publication of the review of the National Asset Management Agency by the Minister for Finance, Deputy Michael Noonan, and his officials of its very successful activities to date, of which I note my friend, Senator Mark Daly, studiously avoided to make any mention, which is understandable, given his erroneous and false criticism of the agency's good work in the past.
Comment on this
We all know about NAMA and the lack of transparency in that regard.
Comment on this
It is responsible for about 15,000 jobs; it is supporting greatly the building industry and more is happening in that regard.
Comment on this
There is more, but most of it is happening behind the scenes without transparency.
Comment on this
It will have redeemed more than 80% of senior debt by 2016, two years ahead of schedule.
Comment on this
There are plenty of properties for sale, but people are not being made aware that they are for sale.
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We should remember there has been €3 billion worth development in the Dublin docklands, including residential housing, which is so important for the capital and the country. I commend it for its great work and will not say long may it last, but it will be wound up ahead of schedule.
Comment on this
There would be no problem if it was open and transparent.
Comment on this
Remember that 80% of senior debt will be redeemed by 2016.