Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

A final question, if I may, because I’m close on time, is, when Mr. McDonagh was before us from the NTMA, in the inquiry, and he was talking about the night of the guarantee but also the preparations leading up to it and what he understood and the view of the NTMA and he said in page 91 of the transcript, it says, this is Mr. McDonagh: "I think it was about 1 o'clock, I think it was about 1 o'clock in the morning when Kevin came out of the room and says ... said 'The Government has made a decision to ... do a blanket guarantee', and I was flabbergasted because all the work had been about preparing for [nationalisation, excuse me,] nationalising an institution." So, can you ask how the NTMA might have had that view right up until the moment of the guarantee, whereas the view of the Central Bank from the 25th was it’s going to be a guarantee?