Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Okay. In relation to NAMA, Dr. Somers, can I ask you to comment further on your statement, which is on page 8, that, even when loans are transferred to NAMA, participating banks should still be pressed to recover those loans themselves, as they knew "where the bodies were buried". Was there an assumption that the existing management in banks would not be in a position to objectively assess the likely losses in their loan books and might just kick the can down the road? So, just explain that, why-----