Noel Rock (Dublin North West, Fine Gael) | Oireachtas source

One of the things that stood out to me in looking at this is the row, if one likes, on whether a bundle of loans with a face value of £4.6 billion could have been so bad that they were sold for £1.32 billion or, if one likes, 29p on the pound. The figure the Comptroller and Auditor General says NAMA should have got is about 32.5p on the pound. It would have also been the case that NAMA bought this bundle of loans for somewhere north of £1.9 billion. Is that correct? One would have been looking at a loss, even in the first instance, of somewhere between 25% and 30%. Surely, that would have supported the idea of moving quickly on this as the trajectory was working at the time.