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

I only ask it because, you know, less than a month later you wrote a specific paper on the capital requirements of the banks, which included the prospect of the State injecting capital and this was before the State had made any announcement that it was likely to have to inject capital into the banks. That came, I think, on 28 November ... was the first reference by the State. So you seemed to realise very, very quickly after advocating the possibility of a guarantee-----