Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
I spoke about this earlier and the Comptroller and Auditor General clarified this when he said that the probable loss arose when the decision was taken to sell the portfolio in a single lot as opposed to working out the assets. I want to know the board's understanding of that. Two financial strategies were on the table - to hold and work out the assets and to sell. What was the difference between the two at the time the decision was made?
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