Mr. Brendan McDonagh:

When we got the business plan from the debtors, they had to tell us, obviously, what borrowings they had with us. They also had to tell us what borrowings they had with third-party banks.

In fairness to the debtors, with regard to any cash resources they had when they came under NAMA, we said they would have to pay the interest on NAMA's loans. The third-party banks were not happy about this and were asking why their loans were not being serviced. This still goes on today but it was particularly prevalent in 2010 and 2011 when all banks were distressed and everybody was trying to grab whatever assets they could. They were threatening to appoint receivers, liquidate assets or take judgment actions.