Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I want to raise two issues. First, Mr. Daly is making a kind of arm's-length argument. As the Chairman pointed out, when it suits Mr. Daly, it is the purchaser and the seller, which are two sides of the one coin. When that argument does not suit Mr. Daly, however, he tries to say, "Well, that had nothing to do with us." Everything that happened in the course of this transaction had everything to do with NAMA because it held the assets. Mr. Daly wrongly says that the problem was all on the buyer's side and that there was no problem on the seller's side. He knew from the get-go that Frank Cushnahan was conflicted because of his relationship with debtors. Mr. Daly then discovered further down the line that he is more than conflicted in terms of his relationship with PIMCO. There are other elements that Mr. Daly has testified to here before around his relationship with Tughans and so on. It would take us hours to set the whole scene out.

Therefore for Mr. Daly to suggest that NAMA is at this turn of events because it was simply problems on the buyer's side if, frankly, to deny reality. I do not know why Mr. Daly persists with it.