John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

What I am trying to, I suppose, suggest to you at least, Professor Honohan, as he was at the time, was one of the world leaders on, you know, these financial difficulties, we'll say, that had emerged in other countries. He had done a lot of research and was widely published in this sector. He subsequently became your successor. He gave evidence that is contradictory to what you said, that on the night of the guarantee - sorry I just want to finish - that there was another option in his view, and the other option was a partial guarantee of four institutions and nationalisation of the other two. You have given the evidence already that the ELA facility was there and therefore I am trying to ask you to-----