Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Thanks. I want to go to Vol. 4 of the evidence books, page 45. And I want ... you were at this meeting, Mr. Cowen. It's a meeting dated around 25 September 2008, and it's the note we've referred to on numerous occasions in the committee. It's the note of the minute of the meeting. It talks about the Financial Regulator saying there is no evidence to suggest that Anglo is insolvent in an ongoing basis. But then follows on to say, "D[avid] Doyle noted that Government would need a good idea of the potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 8½ [after capital]." Is that not the first suggestion that there was loan losses in both of those banks? Or what ... an early suggestion?