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

My final question. In relation to the area of recapitalisation, in answer to I think Deputy O'Donnell earlier, you spoke that eventually we would move to the recapitalisation phase. You chaired the discussions obviously on the night of the guarantee. Did you ask either of the two banking representatives, either of the two institutions that were represented on the night, their view as to potential taxpayer funded recapitalisation, in light of the fact that you may have seen the evidence earlier that two weeks after the guarantee decision was made, Bank of Ireland in their minutes at their board meeting, were acknowledging that there was a significant prospect that State money would have to be injected? Did you ask, as chairman on the night, the position of the banks in question?