David Cullinane (Waterford, Sinn Fein)
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I thank Mr. Long for coming here today. Reading through the Comptroller and Auditor General's report on the loan sales strategy, there seems to be confusion at board level about how to handle the PIMCO approach and what type of loan sale strategy the board should have adopted. I will go through different elements of the report.

On page 63, the report states:

The loan sale process undertaken for Project Eagle differed significantly from that undertaken by NAMA for other large loan sales. While the processes adopted for Project Tower and Project Arrow conformed to the standard NAMA sales procedures, the Project Eagle process did not.

Does Mr. Long agree with that?