Oireachtas Joint and Select Committees
Wednesday, 22 October 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functions: National Asset Management Agency
4:30 pm
Mr. Brendan McDonagh:
No.
Regarding the Irish situation, NAMA did everything possible to facilitate that sale and it is an indisputable fact that the funding was not in place on the Friday night. We tried to get that deal done on the Friday night. We had people there until 2 o'clock in the morning, but the funding was not made available by the management's bank.