Oireachtas Joint and Select Committees
Thursday, 29 September 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
Number 7 reads: "There is no indication that NAMA or its Board had given consideration to a bulk sale of either its loan collateral in Northern Ireland or of the loans of the debtors based in Northern Ireland prior to Brown Rudnick’s correspondence in June 2013."
Number 8 states that "NAMA has stated that, although not recorded formally, it considered and rejected alternative disposal options ...". Can Mr. McCarthy just go back to prior to that, when NAMA would, at some point, have given consideration to changing its sales strategy? We know the genesis of that was the approach from PIMCO. In the Comptroller and Auditor General's report, he talks about their position at that point. This is a strategy which may be in a previous report from Mr. McCarthy, it is on page 33 of this report, is he with me?
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