Dr. Donal Donovan:

I should mention in passing, for good or bad, that Mr. Geithner worked in the IMF for some years. Maybe some people might think that is good while others might think it is very bad. I would like to quote briefly from Mr. Geithner's book, which was published relatively recently:

By Thanksgiving 2010, Ireland's government and banks clearly needed a rescue package. And Europeans were openly debating how deeply to haircut creditors. On another G-7 call, I told them that was crazy.

I am pretty sure this was the teleconference that was referred to in the other book.