Susan O'Keeffe (Labour) | Oireachtas source

Okay. When Mr. McDonagh was here, in page 44 of his evidence, from NAMA, he said that: "The colleagues concluded that when the loan-to-value ratios were examined, they were probably closer to 100% rather than the average that they'd averaged out at 77%." I know you'd nothing to do with that, but, as a banker, if you look at that, how could it happen that a bank, a series of banks, could be so out of sync with what was found? How do you arrive at that position?