Mr. Brian Rowntree:

Without giving a professional view, let me look at this not as an accountant and not even as a housing person but let me look at this as a person who has a history of public service and a history of social intervention. Here we were where we had literally a meltdown in the financial circles in 2008 and we were on a very slow path of recovery. We were working on how to bring some added value to society, how do we remove the continued dependency on the public sector to pick up this tab and pick up this intervention required as a result of the financial collapse. I think that what we saw was some strategic discussions around Northern Ireland and how we might do something successful, and how we even might engage. Yes, it would be a slow burn and there is no doubt about that but I think if one could have gained momentum, then things could have emerged. Suddenly we had a discussion which was then around, we have an approach on the loan book and we are getting rid of the loan book. The assets and the work through of those assets and the added value to the community and society really is not our concern.