David Cullinane (Waterford, Sinn Fein) | Oireachtas source

Why was Lazard not informed? What we are trying to establish is whether the process that was carried out was in any way flawed and whether mistakes were made? Mr. Long was the loan sale adviser and this seems an obvious mistake in that the board was discussing clear conflicts of interests and its members were very exercised about it and said it was shocking. When the board members appeared before the committee they confirmed it was shocking, and all the other words they used to described it, but they did not make Lazard aware of that as loan sale advisers. Similarly, in the case of Cerberus, and they had two days to turn this over and when they were made aware-----