Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Mr. Rowntree was very surprised at the change in tack from the sale of assets to the bundling and sale of the loans. He said he would never bid blind and PIMCO appeared in the first instance to have indicated an amount almost blind. It reverse-engineered. It looked at what was publicly available. Would Mr. Mulcahy have taken that approach? Would he have bid blind to purchase something or would he want to have the maximum information for the greatest length of time? I would have thought a fair process would have afforded that.