Seán Fleming (Laois, Fianna Fail) | Oireachtas source

I am trying to cut to the chase on this. I know it is late. A lot hinges on the competitive bid. As I have said to the witnesses, it was very fortuitous for NAMA that it had a competitive bid as a result of the media leak. That is all I can say on the matter. I am just making that observation. The last thing I want to mention is that Cerberus felt it could pay £1.3 billion and make a significant profit. My question relates to whether there was a big profit to be made out there. The only other company in the market at the end of this process felt there was big money to be made by paying £1.3 billion upfront. Why could NAMA not have made the profit that Cerberus is presumably making?