Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

We cannot be sure what would have happened to the €52 billion of deposits. Given that it was acknowledged that Anglo Irish Bank was about to go under the following day without any intervention and that the bank had a balance sheet of €100 billion at the end of September 2008, does it strike Professor Honohan as odd that at that time a call was not made to the ECB to say there is a major problem, that we thought it was a short-term liquidity issue but it could be much more, that it is far too big for us and to ask what advice it could give on what we should do and whether it was willing to get involved? Does he find it odd or normal that such a call was not made?