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

Mr. Mulcahy describes it as a superb deal. If that was the benchmark for all NAMA’s deals, the so-called profit - I say so-called because when one looks at the par value, it is not a profit - and if it had been applied to other deals, the profit that NAMA talked about making would have been a substantial loss. The 55 top loans were valued some time earlier. Would that not have indicated to NAMA that it needed to value all the loans individually so that it could measure them to know what their potential would be if they were bundled or sold in smaller bundles to maybe attract a wider group of people to purchase them?