Mr. Seamus McCarthy:

As I said, I am not making any comment on the strategic or commercial merits of disposing of the assets in the way it was done. That is not my interest. My interest is in how NAMA made that decision, how it analysed the cashflows and weighed up the choice between working out the assets over four, five or six years or selling them as a portfolio. My focus is on the technical aspects of how the economic decision was made.