Mr. Brendan McDonagh:

Yes. I mean, we sat there ... I described it that there was a portable TV in the corner and the Dow Jones was rapidly going downhill and TARP was being rejected in the US. And I suppose, one of the things that emerged in Mr. Beausang's evidence, which I wasn't aware of ... it must have happened just before I got into the room that he had got an e-mail from Mr. Doyle, which had been sent to Mr. Doyle from the Central Bank, which effectively was some, sort of, draft press release on a guarantee. And, I suppose, I didn't know Mr. Beausang very well at the time. I had only met him a couple of weeks previously but, in fairness, if he was told to keep it to himself, I can confirm to the inquiry, he certainly did. There was ... he never let on a word because I was ... I'm a curious person by nature and I was sitting in the room for a good few hours and Mr. Whelan and Pádraig O Ríordáin and Mr. Beausang and more out of boredom than anything, you're sitting around, you're saying, you know, "I could be at home rather than sitting in here. If you called me into something and just have me sitting here, why am I sitting here? What's going on?" "Do you know what's going on, William?" "No, I don't know what's going on?" And that was the way it was and you just had to sit there and wait.