John Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

The reason I'm asking ... and I think you took me up wrong the last day, I wasn't really casting any aspersions on Mr. Gray but I do think that many people in the general public don't know that he was a significant player. I've two other examples of other letters which I won't go into now, Chairman, on page 62 ... 61 of Vol. 2 and page 125, Vol. 4 ... of letters which he wrote - of a very friendly nature - to Mr. Cardiff outlining his position. Really what I am asking is, what authority, what role did he have to be writing to the acknowledged senior official on banking in the Department of Finance - at the height of the biggest banking crisis the State had - giving his advice?

Was he on the payroll or what was his capacity-----