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

I have ... and I'm not sure if you're aware of it because it comes from Kevin Cardiff's documents, but it's a letter from Ann Nolan to the Minister, it's in 13 May '09. And it's what you mention yourself in your opening statement, that Anglo were in breach of their ratios at a point in time in 2009, and this was requesting the Minister to give them a derogation in relation to this, but it mentions this. It says, "Anglo's book is such that the bank would be likely to breach the minimum 8% solvency requirement within a short period, which would trigger events of default on the bank's bonds, resulting in a call of the guarantee." So the question I have, and again it's not-----