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

The question is, is it not the case that you were steering or the institution ... maybe not you, personally, but the institution was on a collision course with ... with a financial iceberg? It was going to happen anyway. You had €4.5 billion on euro medium-term notes due to mature between December 2008 and November 2009. Unless the crisis disappeared, it would be very challenging, if not impossible, to actually refinance those. Was it not the case that you were on this direction anyway, that there was a collision course coming? And is that not the reason, as we've heard in evidence here, that nationalisation legislation that was being prepared by Government was not originated for Anglo Irish Bank, it began for your institution, it began for Irish Nationwide Building Society? We have documents here, reams of them, in terms of 24-point plans as to what the Government would do when the decision would be taken to nationalise Irish Nationwide. All of this exists. Why was there crisis meetings if you believed that everything was so-----