Pearse Doherty (Donegal, Sinn Fein)
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That is fine. I have read Professor Lane's report. One of the key findings is that it is very early to reach a conclusion in respect of the funds. Only a small amount had been transferred when the Central Bank carried out its review. We are now seeing that a huge amount has been transferred or is in the course of being transferred. We also know the CCMA set a timeframe. When we look at the outcomes at the end, therefore, many have not reached that stage yet. They are either at the starting point or the middle point. I have spoken to debt advocates dealing with borrowers and these vulture funds.

They would tell a very different story as they are not looking at the end result but rather what it is right here and live. They are telling us now if we continue to allow the gates remain open and the vulture funds to take up all this type of debt, we are in for a serious problem, especially given the amount of long-term arrears in the system.

I have a connected question. Project Beech is the AIB sale to one of the funds, most likely Cerberus. How many private principal dwelling homes are involved in that sale?