Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

But, Mr. O'Connell, that's in marked contrast with the absolute certainty that you have described today as regards your views on asset values, the inevitably of a crash ... there's no sense whatsoever from reading that bulletin, and I haven't read the other bulletins, as to what you predicted. So you're saying that on the one hand, you could hardly have a coffee break without issuing a stark warning to someone more senior than you about what was going to happen, and yet, you wrote this.