Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source

NAMA was going into a different market and selling what had a book value of €5.7 billion. We will not walk away from the book value of €5.7 billion that the taxpayer was on the hook for originally. Not all of it was on Mr. Daly's watch. Some of it was written off before it came to NAMA and I will come to that in a minute. If NAMA were selling property in Chicago, surely it would do some assessment of the economy in Chicago. What assessment did NAMA do of the economy in Northern Ireland to allow it reach the conclusion it reached? Did it do a back-of-the-envelope job?