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

You didn't have the concerns so that's the way ... I'll move on to the next question. You were a board member of the Central Bank ... you were the Secretary General of the Department of Finance, you had a bird's eye view in relation to both prudential supervision, the stability of the financial sector, and also the issues in relation to the Department. Given everything that was happening in public, and I'll just mention a number of them. We had, in January of 2008, we had UBS telling their investors to sell shares in Anglo Irish Bank; we had Fitch coming out with critique in relation to Anglo Irish Bank; we had an attack by the markets in relation to the banking sector; we had the issue that was revealed sometime at least round February-March in relation to the contracts for difference issue in Anglo Irish Bank. We had all of that and the construction and obviously the Central Bank had the whole access to information in terms of concentration of lending in the property sector, and concentration of individuals. Why did you, or can you convince us otherwise, take no action to deal with the tsunami that was facing the Irish State in relation to this?