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

I welcome Mr. Carswell and thank him for his attendance. I refer to chapter 14 of his book dealing with the guarantee. Perhaps I can put some matters on the record and ask Mr. Carswell to confirm if he believes they are accurate. Mr. Carswell refers to a view within Anglo Irish Bank on 29 September 2008 that it would be short at least €1.5 billion the following day and that the bank would not be able to open the following morning. Was that the clearly understood position within Anglo Irish Bank on that date, that it was an existential crisis for that bank as it would not be able to open on the following day?