Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

I appreciate that. Let us go back to Mr. Stewart's notes on the 11 March telephone call. Mr. Rice for PIMCO states that PIMCO did not want to continue in a process with any degree of impropriety for PIMCO or NAMA and that PIMCO was willing to withdraw completely. That is a straightforward statement of intent in that PIMCO understood the seriousness of the issue and its legal obligations and it was for walking. At this point, Mr. Hanna, on behalf of NAMA, asked whether PIMCO had considered other options. According to Mr. Stewart's note, Mr. Rice then asked what options and Mr. Hanna asked if the deal could be shaped differently for the arrangement fee to come out. Would it be fair to say, on the basis of these notes, that far from it being a case of PIMCO wishing to manoeuvre to stay inside the process, it was in fact Mr. Hanna who was suggesting a different shaped deal or different arrangement for PIMCO to stay on board?