Professor Patrick Honohan:

I suppose the one to hand is the Merrill Lynch report, which stated these "are likely to be unviable as wholesale markets stay closed to them". However, the other investment banks that were advising the Government were PwC and Goldman Sachs, although they were not specifically working on Anglo. Then again, how does one know given that it was a long time ago? These people were of the same opinion that Irish Nationwide's model and Anglo's model were broken.