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

But Mr. Cardiff, within nine or ten weeks, the Government announced a recapitalisation package of €5.5 billion. That was largely based on the PwC exercise, which was not available when the decision to guarantee the banks was made. Did you not essentially buy a pig in a poke? You didn't know what you were getting into at the end of September 2008 in making that decision.