Mr. Frank Daly:

What I would expect them to understand is that if NAMA, after five or six or seven years, was making ... was not repaying its debt, if NAMA was making a loss, that then the ultimate cost to the taxpayer would be hugely different and hugely more than it is now. What I'm saying is that in the overall scheme of things, if NAMA makes €1 billion of a surplus, that is €1 billion less that the taxpayer will have to fork out for this whole debacle.