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

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

Excuse me. That is a very serious assertion to make in respect of PIMCO. We need a response from PIMCO on that matter. Similarly, we had to get a response from PIMCO on the question of whether PIMCO went or was pushed in respect of its exit. There was a time when Mr. Daly was absolutely resolute, to the point of almost being obnoxious, in his assertion that NAMA kicked PIMCO out. PIMCO contested that strongly. I notice that Mr. Daly has modified that language. It now appears to have been a gracious mutually beneficial exit.

I think we need to ask PIMCO to give us its perspective. Certainly, I am clear, as a member of the committee and as a person who is reasonably good at reading the English language, about what the NAMA board minutes say.

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