Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

This represents a discount of approximately 85% on the original par value. NAMA hoped to get €46.2 million. We have heard that there were errors and Mr. McDonagh has accepted this. The public took a great hit and NAMA was set up and given a job to do, which was to get as much as it possibly could for the assets. Its terms of reference stated that it was to achieve the best possible amount. Why then would it not have insisted on a competitive process in every instance?