Michael D'Arcy (Fine Gael) | Oireachtas source

Yes. Qualification, Mr. Cardiff:

Anglo has €3.3 bn of loans on the watchlist.

A 10% fall in commercial property value would result in an additional provision of €7 bn.

€23 bn liquidity deficit by the end of the year.

Additional €17 bn of liquidity expected to be lost once information becomes public.

Total €40 bn.

I mean, those are startling figures. How could the Minister for Finance subsequently - I know they didn't go down the route of SLS, but the numbers were so enormous - how could it be stated that this would be the cheapest option available to the Government at that stage?