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

Professor Honohan will be familiar with the memorandum e-mailed from Merrill Lynch to Kevin Cardiff at 6.43 p.m. on 29 September 2008, which enclosed a memo dated 28 September. The member states: "it is important to stress that at present, liquidity concerns aside, all of the Irish banks are profitable and well capitalised." There was no warning about Anglo.