John Deasy (Waterford, Fine Gael) | Oireachtas source

Yes, and less so in commercial but there was an upswing. The loan book was sold at the point the market turned. Somebody could analyse this based on figures and growth in the year beyond when the decision had been made by the board, and this is the key point for me.

We have spoken about this three or four times since 2012 when the two witnesses have come before the committee. We have spoken about NAMA's analysis when it came to the disposal of properties and whether we should sit on them. That is the key issue. When I look at this I must say I would second guess it to a certain extent. I understand it is always easy with the figures after the fact, but do the witnesses have any responses to this with regard to their timing after the fact? Somebody could take a good look at this and say NAMA probably should have sat on it for a bit longer. Who is advising NAMA on the markets? I know it was a board decision and the witnesses spoke about it being long and hard. I will not sit here and say if it were me I would have waited, but somebody must ask the question considering the amounts.