Seán Fleming (Laois, Fianna Fail) | Oireachtas source

The 10% fair value discount in the 2012 statements applied at the time that the decision on offering the Eagle portfolio for the sale was being considered by the board. The board was aware that this fair value rate applied to the loan portfolio as a whole but was also aware given that the loans comprising Project Eagle were among the riskiest of all loans held by NAMA, a fair value discount in excess of 10% would have been applicable had the Eagle loans been evaluated as a discrete group. They are not saying they were evaluated-----