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

Mr. Daly is correct, so I stand corrected on that. Mr. Daly has consistently said that. Nonetheless, NAMA was well aware of the particular dynamic. When all of these issues are bundled together, the implausibility is astonishing. The PIMCO scenario arose, NAMA knew that Brown Rudnick was the mover and shaker in shaping the deal, and NAMA also knew that Mr. Cushnahan had a relationship with Tughans. I do not know whether NAMA is spectacularly bad at joining dots. I would find that difficult to believe, particularly in Mr. Daly's case. In fairness, he would hear the grass growing.

It is astonishing that NAMA could have been so blind. Mr. Daly is sticking to the line that NAMA was not told of Mr. Cushnahan's involvement as far back as April 2013. It is a matter of record that NAMA's minutes refute that. Never mind me refuting it - the minutes of the NAMA board refute it. Even if NAMA had not been told directly, the fact that it would not probe the information, put two and two together and ask the relevant questions is mind boggling.

According to Mr. Daly, the ordinary person on the street believes that NAMA messed up and should have held on to the properties, worked them out, etc. That is not what people on the streets are saying, though. Does Mr. Daly know what the ones I have heard are saying? They are saying that this thing stank to the high heavens,-----