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

Professor Honohan, I'm sure you're aware - maybe if you can tell us if you're not - of the NTMA proposal to burn senior bondholders across all of the six institutions, which came out in March 2011. I've a question, just in ... it's quite interesting, the senior bondholders which they say were unguaranteed at the time, that they would have saved just shy of €8 billion if that proceeded. The question I have for you is, based of your estimates of €2 billion to €8 billion on bondholders being burnt-----