Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

Picking up on the point that was made about how PIMCO approached and made the bid, we have heard about what proportion of the assets and loans were valued and that it was an in-house approach. Mr. John Mulcahy described the PIMCO bid to the committee as a "superb offer". He was basing that on only a portion of the assets being valued and the loans being valued in-house. Is there any question in the witnesses' minds about there being some groupthink as to what these assets were valued at, by virtue of the fact the price is what someone is prepared to pay, as Mr. Daly said in his statement? Is there any question in Mr. Daly's mind that there is a bit of groupthink and that this got almost fixed in terms of what these assets or loans were worth?