Mr. Kevin Cardiff:

He requested a meeting. I said yes. Tiernan O'Mahony was the chief executive of a company that had run into trouble. But he was, by repute, and probably was genuinely, an expert at raising funds for banks. And since we had a bank liquidity crisis, the notion that you would have a meeting with a person who was expert in raising funds for banks is hardly surprising. If a person of that sort rang me even today and said ... if I was still in the Department, and said "I would like a meeting," you would take that meeting. When he arrived, and I can only go on the notes, because I didn't ... I don't actually recall the meeting. I remember meeting Tiernan a couple of times, but I've no recollection ... I had no recollection of this specific meeting until a year or so ago. Someone ... well, just before I left the Department of Finance someone showed me the note that I had taken. But the note makes clear that, among things, that we talked about money raising, and he suggested a sort of a broad Government guarantee.