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

And you say that you considered possible alternative course of actions which might be recommended to Government. And you elaborate on that, you say "One such possibility was for the Government to abrogate the bank guarantee (in respect of Anglo and [Irish Nationwide Building Society]) in August or September 2010 and ... bail-in the bond holders and potentially large depositors." You go on to say that there was risk with that and the ECB could force you to reverse that measure. What I'm interested in, Governor, is ... and obviously that wasn't suggested by the Central Bank, just for clarity. But as Governor of the Central Bank, you were suggesting as a possibility that the Government breach their legislative commitment on the bank guarantee and their moral commitment to the banks that they gave on the night of the guarantee in relation to Nationwide and Bank of Ireland, and to burn ... and burn bondholders and bail in some of the large depositors. I'm interested in how could ... just your thought process in relation to coming to that consideration, you know? I know that you didn't proceed with it, but your thought processes in relation to that?