John McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

That is the problem. We can sit in these meetings for a long time and I feel we almost become conditioned again to the role of the Central Bank as it is. We are invited by the exchange almost to forget the human consequences that families have suffered. Following the long exchanges in today's meeting, I might forget the previous hearings we have had, but I will not do so. I will not forget the human consequences and carnage left after this event. Last night, I said to Deputy Pearse Doherty that at one stage at a meeting here I felt he was way over the top in his comments. Having read into it, I have to say he was spot on and could have said a lot more. Today I agree with him.

The question Senator Mulherin raised is about a licence. The Central Bank issues the licences to the banks. Is that fair to say?