Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

On 25 September 2008 - and I don't believe this minute is in your core booklet, so if you don't recall it, then, obviously, you can't answer - but it was one of these crisis meetings and the CEO of the NTMA, Dr. Somers, was present, you were present along with PwC, Merrill Lynch, the Financial Regulator, the AG, the Taoiseach, Arthur Cox and there was a reference in that paper to "D 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 [...] Anglo could be 8½ [billion]." Mr. Neary said, "there is no evidence to suggest Anglo is insolvent on a going concern basis ... He felt INBS was in a similar situation." Do you recall that meeting and do you recall if the NTMA challenged that assertion that the banks were solvent, including Anglo and INBS, at that time and it was simply a liquidity issue?