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

-----which some would say were ... no, were the most impaired, that they should ... and a recommendation from you to one of their chief executives, that you ... that they should merge. That's the letter I'm talking about. And two weeks later, you ... you admit, under questioning to Deputy Doherty, that, on the night of the guarantee, that nationalisation of Anglo and a guarantee of the rest was what was being considered. How ... how did things change so much in that two-week period that you could have been recommending something like this on 13 September?