Mr. Patrick Long:

I am afraid I cannot remember the precise sequence. In other words, I would need to check whether firm E was told the process was closed before we admitted Fortress and Goldman Sachs to the process or afterwards.

The thing about firm E, and I can remember exactly who it was but I shall not name them now, is that we did not believe - I did not believe then and I do not believe now - that they met NAMA's criteria in the sense that they did not have the resources or the expertise to acquire this portfolio. It was more tactful to say to them at the time that the process was closed than to get into a lengthy argument with them about whether they had the capacity to buy this portfolio.