Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Excuse me, it did not overpay for the loans. The legislation passed by this House required the valuation at the time to consider an uplift between 0% and 25% and the average uplift was 8.6%. History will tell you, as a property management agency, that the uplift was way above 8.6%. Property has gone through the roof since 2011, yet NAMA did not recover the €74 billion, or anywhere near the figure of €74 billion in loans that it had. I asked Mr. Carville a simple question: was it not the purpose of NAMA to recover as much of the €74 billion in loans that it had on its books in 2011?