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

And can I ask you, Mr. Cowen, was it really appropriate to instruct the NTMA which after all was the independent guardian of the State's cash and who had come to a professional judgment that that money should not be placed in the Irish institutions? And you instructed them, as was your right, to place that money with the Irish banks. Was that appropriate?