Oireachtas Joint and Select Committees
Thursday, 17 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Mary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source
I am sure also, having studied the report from 12 December, at the end of page 147 of the Comptroller and Auditor General report, it is noted at that stage that PIMCO would likely forgive personal recourse in return for the borrowers handing over their property assets in a consensual manner. Do the witnesses see that? Yes. Notwithstanding the lack of status of the memorandum of understanding - it was not a document of the Northern Executive, and that is a statement of fact and not opinion - there had been a discussion within NAMA or a realisation that PIMCO was minded to act in this fashion. That is what the paper reflects, does it not?
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