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
Mr. Brendan McDonagh:
Like any buyer of a loan portfolio, whatever it wants to do with the debtor the day after is its business. If we had done this deal with debtors before we had sold the portfolio, that would definitely have reduced the price. When we sell, we tell buyers that they have the recourse and the security, we are not reducing our security and they will pay for that.
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