Catherine Connolly (Galway West, Independent)
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When I read about it, I see a very limited approach. NAMA started with three bidders. As we have said so often, it was kept deliberately small for a small number of people. Other firms were excluded. Mr. Collison has said that if there had been an underbid, there would have been a lot more bidders. In reality, a lot more bidders were kept out because it did not suit the strategy, but that is entirely NAMA's business. However, what I read in the report of the Comptroller and Auditor General is that NAMA did not justify or explain it. That is the theme throughout.