John Deasy (Waterford, Fine Gael) | Oireachtas source

At the time, there was a pretty firm realisation that the markets had turned - certainly in the Republic of Ireland and England. That did not just apply to residential property. Basically, people would know that. In respect of selling something like this, somebody might second guess NAMA and say that perhaps it should wait because everything had turned with regard to property prices, certainly when it came to residential property. Commercial values in Dublin at that time were going way up as well. That was the firm opinion back then when the board made the decision to dispose of this loan book. I suppose I am second guessing whether or not NAMA should have sat on this. I do not have the values. One would need to take it property by property, find out how much somebody would pay for it today, add it up and then analyse whether or not one's methodology was correct.