Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Okay, I want to focus on unenforceable securities. You'd be aware in terms of the NAMA test ... NAMA testimony and what's transcribed from the transfer of known loans to NAMA, hat there were €811 million of loans that were transferred to NAMA across the financial institutions that had unenforceable securities. From AIB's point of view, it made up €164.6 million and that was the price that NAMA paid for them, which was an average of 77% reduction. If you were to apply that, what the loan value would be, you'd be well over €400 million. Did KPMG come to any estimation that it was in that region that, for example NAMA, the transfer to loans from AIB to NAMA, for every €57 of loans that were transferred, one loan... €1 had an unenforced security, was not enforceable. Did KPMG recognise that, did KPMG audit those loans, audit the documentation?