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

Go raibh maith agat. Can I ask you, Mr. McDonagh, that, we've had evidence to the committee and the evidence suggests that the length of time that it took NAMA to undertake the loan valuations, that that caused problems in itself. And I recall you recounting just the length of time that it took you just to deal with the first tranche of loans and the haircut that came from that. Can you inform the committee again, just in terms of how long did it take, from taking the decision to go in, look under the bonnet, how much did you look at, and how long did it take to get a quantification of what type of haircut?