John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

The people to whom I refer, have worked with the bank morning, noon and night to try to find a solution. I have asked the delegation about debt for equity and debt write-down. Sure there will be a cost involved but I ask the bank to consider the matter. Obviously it is of a mind not to consider the matter. This morning, Mr. O'Sullivan was in attendance and I certainly would not have taken his answer to the questions asked by Deputy Catherine Murphy. After our last meeting, and after him indicating that he could not attend here previous to this, he started to issue press statements that described how the loan portfolio would sell. The information that the committee requested was contained in some of the spin that was put out by his hired hand and, therefore, he must know the figures. He said that some people did not engage with the bank. He should be able to tell us today, because that is the reason that he is here, how many did not engage with the bank. He has endeavoured to create the narrative that the loans that are up for sale are being sold because of non-engagement, which is not true.