Oireachtas Joint and Select Committees

Thursday, 30 September 2021

Public Accounts Committee

NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

There was never a right time when we could say we could hold it and we could get more money. If the market fell, we would be blamed and asked why we did not sell it two years ago when the price was higher. It is like looking at the bank shares scenario. They were higher a couple of years ago than they are now, so should one have sold one's stakes in the banks a couple of years ago rather than now? There is no right answer to this.

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