David Cullinane (Waterford, Sinn Fein) | Oireachtas source

I assume this is Mr. McCarthy's judgment. I would measure all his findings or conclusions against whether there is supporting documentation, supporting evidence and so on. However, when he says NAMA appears to have taken a narrow approach, focusing on what were its legal obligations rather than the options for action to be considered, he is giving his opinion. However, given what he said previously in the report in terms of the other findings, whereby NAMA might not have taken enough action, fell short or did not inquire enough, Appendix E makes it very clear that PIMCO said at some point, "We are out of here. We are gone. We cannot stay in a process that potentially could be corrupted." It did not say that but that was the subtext. It was gone and yet NAMA did not take that decision. Mr. McCarthy seems to have fallen short of saying in his report, as a conclusion, that NAMA should have stopped the sales process. Could he give us an explanation as to why that is the case?