John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

I want to put a quote to Dr. Bacon from the first page of his report prior to the establishment of NAMA: "As regards their property loan portfolios, the six guaranteed credit institutions face cumulative economic impairment on their land and development loan exposures and associated property investment loans of around €34 billion on loans outstanding of €80 billion to €90 billion." Will Dr. Bacon comment on the difference between his estimate and the final figure for impairment on those particular loans? I acknowledge that it was an estimated figure when he was conducting the report.