Ciarán Lynch (Cork South Central, Labour)
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Earlier testimony that we had before this inquiry, and I just want to concur if that testimony stands up, that the banks would take a projected examination on these loans and their assets based upon what was happening retrospectively. So if there was a slight decline they would margin in that decline to continue adding some sort of aggregated or average into the future where ... in ... when NAMA loan books were put in place were you forward looking in terms of these were the losses to be expected or where you saying well there'll still be a gradual drop?