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

Let me be more explicit and let us not confuse ourselves or people who may be watching the proceedings. The narrative thus far for NAMA has been that an approach was made by PIMCO. A reverse approach was made through Brown Rudnick in respect of the Project Eagle portfolio. When we had a conversation about that at one stage I said it was interesting. I wondered how it had occurred to PIMCO that it was a good idea to focus on debtors not on assets. The impression had been created for the person in the street that PIMCO as an entity thought it would be an idea to make a play for this portfolio and mediated it through Brown Rudnick. Mr. Daly should bear with me. We now know in fact that was not how it happened. How it happened is that Brown Rudnick suggested the deal to PIMCO. Is that how it happened?