Joe Higgins (Dublin West, Socialist Party)
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I will move on to NAMA briefly. Dr. Bacon preferred the NAMA set-up rather than nationalisation. What is Dr. Bacon's view of the Comptroller and Auditor General's observation that the Bank of Ireland was given approximately €1 billion above the real market value of its impaired loans? In preparing his report did Dr. Bacon underestimate, perhaps, the level of impairment in loans?