Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

While I am sure that is of value to the Northern Ireland Executive and I accept it will have benefitted from the report, I would have thought the primary purpose of the report was to benefit NAMA rather than the Northern Ireland Executive.

We heard from Brian Rowntree last week that he would not bid blind for something as big as Project Eagle and he thought it was unusual for a blind bid to be made. In the Comptroller and Auditor General's report, we are told that there was no due diligence engaged directly and that there was a reverse engineering of NAMA's balance sheet. Did it strike the witnesses as surprising that the PIMCO bid or offer came in advance? Did NAMA have any doubts about from where PIMCO would have put together the information?