Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Prior to that, prior to the share difficulty that one institution ran into in March 2008, the domestic standing group was already talking about possibly guaranteeing all liabilities in Irish banks. It was already looking at legislation to potentially nationalise a bank, liquidate one.

So these concerns would have been there at the time, before then we had this extraordinary event in March 2008.