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

Okay, that is fair enough. Now, can I turn you to discuss the events surrounding the options presented by Merrill Lynch at a meeting in the Department of Finance on 29 September 2008. And if you could outline for the inquiry the options that were discussed that evening, with particular reference to how the final solution of a blanket guarantee was eventually reached?