Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

42, Chairman. Irish Nationwide Building Society. It says: "In the extreme stress case analysis the total writeoffs including losses of interest income would just deplete most of [Irish Nationwide] reserves of €1.8 billion." And for Anglo, it says, "If one was to apply the [Irish Nationwide] stress case scenario the writeoffs would ... deplete ordinary shareholders and other lower category subordinated debt of €7.5 billion." Is that sufficient independent third party evidence from a company that was taken on, I think, at a cost at €7 million to the Irish taxpayer?