Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

10:00 am

Photo of Mary Lou McDonaldMary Lou McDonald (Dublin Central, Sinn Fein) | Oireachtas source

The concern is for any reputational damage to the Office of the Comptroller and Auditor General, which as Mr. Long is aware is a constitutional office. There is also a lot of angst in respect of reputational damage to NAMA. I put it to Mr. Long as the representative of Lazard that reputational damage accrues to himself also. With the greatest of respect to Mr. Long far from demonstrating insight and judgment, whatever we might think of performance because Lazard got the deal over the line, Lazard appears to have spectacularly lacked insight. It was kept in the dark and therefore its judgments were compromised. I think Mr. Long has as much as accepted that but astonishingly he sits at this Oireachtas committee, which is not a cosy chat in a coffee shop, and for whatever reason he is not placing on the record any concern with the behaviour of NAMA in this scenario. NAMA kept Lazard in the dark. I am not sure if Mr. Long has ever heard the word "eejit", which is an Irish term. NAMA made an eejit of Mr. Long. I am guessing that given his name Mr. Long has some Irish connections.

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