Alan Dillon (Mayo, Fine Gael)
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I again thank our witnesses for joining us. I also wish to follow up on the sale of the loan at a discount of 97.5%. As other members have said, it is absolutely shocking. The remit of NAMA was to ensure the best financial outcome for the State. We have certainly failed significantly in this regard. Will Mr. McDonagh detail the decision-making process behind such a sale and how NAMA plans to mitigate such losses into the future?