Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael O'Flynn:
Yes. Like, as I said to you, I embraced NAMA. My only option at the time was take a judicial review. Yes, I took the best legal advice in this country and considered taking it. Not just looking with the benefit of hindsight and what NAMA turned out to be, I should have taken a judicial review against everything except the Irish land and development company, because I genuinely thought I was buying into a structure that actually was a work-out, was an asset management agency, as the name describes, but it was anything but that, Deputy, I can assure you.
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