Mr. Brendan McDonagh:

No. We look at what is left at the end of the process and the reality is that they would have very little left. A lot of these people got caught up in the whole thing. They borrowed huge amounts of money. They accept they made a huge error, got caught in an asset bubble, over-borrowed and over-paid for assets. They basically want to find a resolution because a lot of them would have families and children. They want to make a contribution towards the recovery of the Irish economy by getting the most back for NAMA. That said, it must be a commercial arrangement because we are a commercial business. This is not a business which has a huge amount of empathy for people, to be honest. We have to look at this from a commercial perspective and work out what will generate the best return for the taxpayer. We want to get rid of the contingent liability hanging over the taxpayer at present.