Ms Ann Nolan:

As I said, the timeframe was entirely a matter for NAMA because I do not have individual things. What I would be concerned about, and my concern the previous day was based on this, is that if one makes it impossible to sell, is that a barrier that makes it impossible to sell over the whole period? If one puts up a barrier or a price or one values the thing far higher than anyone who is going to buy it, then it may well be that one can never sell it. It is like the guy who puts his house on the market for €400,000 and then says nobody wants to buy it for that. He then decides to wait until next year and sell it for €400,000. Then the next year the prices go down rather than up so nobody wants to buy it. In five years' time he still has not sold it because the prices have not gone up. There is an element of gambling and waiting. That is all I am saying. If one sets the barrier, and this is where one comes into the discount rate, where one always has to reach the average discount rate, then some things will never sell. In fact, the less good things will never sell. The good things will sell anyway.