Alan Farrell (Dublin Fingal, Fine Gael)
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NAMA accelerated the process of agreeing to a specific bidder shortly after PIMCO withdrew from the process. My opinion is that at some point in the process NAMA decided that it had its white horse in the form of an acceptable bid, regardless of the terms and conditions associated with it, and simply went through from there. Does the Minister accept this? I appreciate that NAMA has made a point about political concerns. It is a bit strange for a financial institution like NAMA to do this, given that its purpose is to get the best value for money for the taxpayer. Does the Minister accept that there were problems, or at least that there is a perception of a problem, in the way NAMA conducted its business in the latter days of the deal?