Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

In layman's terms, a liquidity crisis is when a bank needs cash flow and an insolvency crisis is when the bank cannot meet its liabilities. To move that question on, in September 2008, the guarantee took place in this country. Having Mr. Nyberg's assessment of the situation - and his commission was very much concerned with examining the issue of liquidity and insolvency in the Irish banks - with respect to the liquidity and insolvency position of the Irish banks at the end of September 2008, is it Mr. Nyberg's view that some of the banks, or a percentage of the banks, or all the banks were actually insolvent by that time?