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

It gave the public message that the credit union sector was a basket case. In October 2011, the Minister went into the Seanad and said the cost of rescuing the credit union sector could be up to €1 billion. It has ended up being €4 million. What message did it send? The assumptions that were made in that stress analysis came nowhere near being met in reality.