Joe Higgins (Dublin West, Socialist Party) | Oireachtas source

Just, can I just give the figure? The figure that Merrill Lynch had given the Government was that INBS had €11.7 billion out in loans, that it faced a write-down of anything between 30% and 60% which would be between €3.6 billion and €7 billion, and Goldman Sachs said that it had regulatory capital of €1.8 billion. It was clearly insolvent on the night of the guarantee.