Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

One would be enough for Mr. Mulcahy. Let us say there is just one valuation. My experience is different and that seemed to be confirmed by Mr. Brendan McDonagh when he appeared before this committee and said that I was aware of the process, and indeed I am.

Let us just take it that one valuation was enough for Mr. Mulcahy. As a board member, albeit not on the loan sales side of the business, would it not be a major surprise to Mr. Mulcahy that the biggest transaction in the history of the State, not least in the history of NAMA, would require no update of valuations, not even one update, which Mr. Mulcahy says would have been enough for him?