Marc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

My worry here is that obviously this is the biggest liquidation in history for Ireland and comparable, as I said, to many international ones. On the level of scrutiny and challenge that must be in play on an ongoing basis, it is clear from the answers that I got, and Mr. McCarthy will see the ones because the meeting had started when I circulated the other ones, that the Department of Finance is going through the motions. I should have mentioned it earlier but at one stage there were two rebates of €5 million and €3 million. If that was a negotiated write-down on a €225 million gross fee, it is 3%. It does not sound great to me for that amount of money. We also do not know the grades and number of hours per grade that were billed. We have the hourly rates. They were refused to me in the first round of questions and provided in the second, basically because the then Deputy, Lucinda Creighton, had been given that information before. However, initially they were not being given it to me. If it goes where I think it is going, and I might be reaching in saying this, we need a committee of inspection. I do not know if it is a role for the Comptroller and Auditor General but we do need an oversight body that will take a lot more of a hands-on approach. As I said, maybe the outcome will be that we are getting the best deal there ever was. However, with a clock ticking towards a billion or an unknown number and an unknown period of time, a quarterly report provided by IBRC, as authors paying themselves without significant challenge and knowledge on the part of the Department of Finance which is representing the people, is not sufficient.