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

Can I just ask about the issue of a four-bank guarantee, because your testimony and that of Mr. Gleeson is quite consistent on that issue? You had the clear impression that a four-bank guarantee was being considered, not a six-bank guarantee. On what basis did you have that impression? The only direct reference in the notes you took on the night is to Mr. Hurley, for example, saying it was impossible to bring down a bank of that size in the middle of the week and could lead to a fumble etc., which is the same word Mr. Gleeson used. So can you be specific? How did you have that clear impression that it was going to be four banks and not six?