Bobby Aylward (Carlow-Kilkenny, Fianna Fail)
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I welcome the witnesses to this meeting today. This committee is having an ongoing debate every week about NAMA and the sale of the Project Eagle portfolio. I will begin with an observation. I have been very frustrated at the lack of clarity and detail in terms of minutes of meetings and paper trail deficiencies. The quality of record keeping and documentation in general leaves a lot to be desired.

My first question is for Mr. Collison and it concerns PIMCO. The head of asset recovery met PIMCO to discuss the latter's approach. PIMCO played a pivotal role in this from the very beginning, even though it pulled out eventually. Was there more than one meeting with PIMCO?