Mr. Frank Daly:

I do so because NAMA is owned by the taxpayer. The agency paid €32 billion to the banks, of which €30 billion is a contingent liability on the State. We have repaid €7.5 billion of that so the figure is no longer €30 billion but the balance is still a contingent liability on the State. If, therefore, one damages NAMA, one damages the State. To return to the Deputy's point, I have no problem if somebody wants to tell me we can do better or work more efficiently and we are doing something wrong. People have done so and we have responded.