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

In the limited time I have ... can I go back ... you referenced in your own statement on page 8 and 9, that the Government had a draft, a guarantee statement in place, which we ... William Beausang was in before us previously provided ... which provided for a six-month guarantee, which provided for just, in relation, purely deposits, not senior bondholders or dated subordinated debt.

What was the legal reason that ... why it was two years of a guarantee and did the issue come up that senior bondholders ranked pari passuwith depositors? How did we go from a situation where the Government's, we'll say, guarantee they brought to ... on the night of the 30th, which was for a six-month guarantee purely on deposits, went to a two-year guarantee which covered, as Mr. Somers, the former NTMA head stated, covered everything that moved in sight?