Shane Cassells (Meath West, Fianna Fail) | Oireachtas source

I thank Mr. Daly and Mr. McDonagh for attending and for circulating substantial documentation to us this morning for further reading. The session began with statements focusing on the processes, the commercial decisions and probable losses. Deputy Mary Lou McDonald referred to the differences between the versions of events offered by Martin McGuinness and Peter Robinson. She credited Martin McGuinness for coming here, unlike Mr. Robinson. There are differences between the version of PIMCO and what we have heard from NAMA today but I acknowledge that NAMA representatives have come here twice, whereas PIMCO has refused to do so.

On the PIMCO withdrawal, I note the difference between the words used by both sides. In its letter of 8 November PIMCO stated that it was never asked to withdraw but NAMA said it had asked PIMCO to "reflect". This is a bit like a Minister who finds himself in a bit of bother and takes time to reflect, which means he is being asked to fall on his sword before the Taoiseach wields it. Was that what was being implied when NAMA asked PIMCO to reflect?