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

I want to turn now to the night of guarantee, in particular. We've had evidence from Mr. McDonagh, then of the NTMA, that they were not consulted on the night of the guarantee, that they were in a room adjacent to where the discussions were taking place. Why were the NTMA not part of that discussion on the night, in light of the fact that the taxpayer was put on the hook to the tune of €34 billion or €35 billion, and these were ... this was the authority which was responsible for funding the State, effectively?