Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you very much, Mr. Cardiff. I just want to tidy up one matter, if you can deal with it promptly, and then we'll take a short break. In describing the principal reasons why the NAMA option was chosen over the only other realistic alternative of an insurance scheme, given especially the scale, complexity and relatively untested nature of the NAMA option - this relates to an engagement you had with Senator Barrett last week - could you maybe just explain why that option, the untested option which was the NAMA option, was ultimately the decision, against maybe some type of insurance scheme or some other model that could have been outlined?