Michael D'Arcy (Fine Gael) | Oireachtas source

Mr. Trichet, in evidence this morning, Mr. Brian Goggin, CEO of Bank of Ireland, stated that he had discussions with representatives from he Central Bank of Ireland to take over Irish Life and Permanent and in that scenario, Anglo Irish Bank and Irish Nationwide would be stood down. He also stated that he was told that is ''was virtually certain'', his words that Anglo Irish Bank would default the next day.

Were you aware that Anglo Irish Bank was virtually certain to default the next day? And if you were not aware, should you have been aware?