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
That is fine. I am sorry to intervene but we have heard a good deal of that before. We have heard explanations of fair value and, for example, if a firm was to sell assets now, what might happen. We have also had our attention drawn to a distinction in terms of the discount rate that a potential purchaser would apply and as the seller. We do not have the scope to challenge of that now, but we have heard all of it. I am keen to put on the record the fact that there is a strong countervailing argument against all of the above.
I wish to make a further point. The 10% argument has been made by the deputation. However, the paper trail for that only appears, lo and behold, in 2016. That is the reality and that bothers me.
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