Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Well, can I take you ... us then, Mr. McGann, to Vol. 2, page 3? This is a report from NAMA. If I can take you to the bottom of that page:

Of the 1,731 cases reviewed at client level, the number found to have represented an exception to credit policy was 1,073 or 62% of clients. The aggregate value of the exceptions identified was €31.97 billion or 92% of the value of the Book which transferred to NAMA.

Mr. McGann, 92% of the total loans transferred to NAMA from Anglo were exceptions to credit policy. Would an ordinary onlooker be forgiven for thinking that this was a damning indictment of credit policy in Anglo?