Peter Burke (Longford-Westmeath, Fine Gael) | Oireachtas source

It often amuses me when somebody uses the original par value of the loan as a single metric, based on figures at the height of a boom when there was irresponsible lending, and tries to judge the agency exclusively on that. One sees this in media commentary. I genuinely believe this is harsh because, when the agency took over, the property was only worth the value it took in terms of the haircut that was given.

Mr. McDonagh said that when the troika was involved, there were 40 people in the room. Did he feel real pressure was being applied to the agency in that regard? Does he believe the Act was too narrowly focused in its use of the word "expeditiously" and in terms of the pressure put on the agency under a short timeframe?