Mr. David Doyle:

The Taoiseach ... the Taoiseach and the Minister and the Department were well aware of what was going on in the banking side. Now, at that point, for good or evil, what we had been told was the banks were solvent. There was no talk at that point ... at the end of September, the budget was about a fortnight away. There was no talk about major capital outlays. That started to emerge in December, when the Government decided it would have to back up its support for the banks by a capital injection.