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

I've had this ... we've had this discussed at the committee, I think. I've questioned individuals on this because there's a lot of fixation, in my view, around the word "solvency." And you've described solvency from an accountancy point of view, that if you can't pay your dues as they fall due, then you're technically insolvent. Others would argue that that was a bank that was illiquid and not solvent, as in they had assets that could pay them but they just couldn't turn them into hard cash. Did you ... more than the liquidity pressure that those two banks had, did you have at that time concerns in relation to the assets that the banks had?