Professor Patrick Honohan:

There is one point where I seem to be praising all the bankers to high heaven and saying they were all men of utmost skill and integrity. I think there was some slight rewording, editorially, which was reasonable but I did not want to imply that this was a rubber stamp on the integrity of every banker in the country. It does read like that now but if one listens to the recording I said something blurred that talks about the impression people had of bankers that they were, and indeed many of them were, but I am not going to give a rubber stamp to every one of them.