Mr. David McWilliams:

Was I surprised? It was terrifying. The articles that I was writing in the weeks afterwards were all warning "hold on a second, we have to make this conditional, we have to make this temporary, this has to be holding, it is doing its job in the sense that my Mum is not taking her money out of her bank account". We have that period of calm. Thereafter I suspect that there was almost a sort of a banking coup d'étatin policy. It seemed to me that the interests, not so much of the banks but the bank owners, the creditors, were being elevated, and I had been told that the ECB had said that no bank can go under. I believe the inquiry has different information now.