Mr. Seamus McCarthy:

Bearing in mind the processes, one has to do what is right in a situation. It is a very experienced board. If it has the information available to it to make a decision, it is its prerogative to make that decision. I cannot say what decision it should have taken. Obviously, those considerations that Mr. Daly has outlined would have been in play. Then we could be talking about that but this is how NAMA handled the information it had at the time.