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

On St. Patrick's Day 2008 following the collapse of American bank, Bear Stearns, the share price of Anglo Irish Bank dropped by some 15% in one day. Can I ask, Mr. Cowen, what was your reaction to that? What was the reaction within the Department of Finance and the Central Bank to that share collapse on that day?