Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

This is the final question. We have evidence, in this inquiry, from Bank of Ireland minutes, within days of you making this statement, that they were looking at an option of recapitalisation through the Irish Government. We know as a fact now that €10 billion was pledged by the Irish State within what, 70 days of you making this statement, that one bank was nationalised a number of days later. This wasn't, you know, this wasn't a case of trying to see far off into the distant, distant future. Within days of you making this statement, some of the major financial institutions in this State were coming knocking on the Government's door looking to be recapitalised. The question is, you knew, above anybody else in this State, what was happening under the bonnet of these banks. Do you still believe that the account that you gave was the best account, with all of the knowledge that you had at that time, in relation to the capital position of those banks-----