Michael McGrath (Cork South Central, Fianna Fail)
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I put it to Dr. Bacon that the task he was given was to evaluate the options for resolving property loan impairments and associated capital adequacy of Irish credit institutions. For a number of months, PwC was actually in the banks examining those very issues. PwC gave a report to the Minister for Finance on Friday, 20 February 2009, a month before Dr. Bacon's report. It comprised a detailed loan review of Anglo Irish Bank's top 70 land and development exposures, which accounted for 63% of the bank's total land and development loan book. Was Dr. Bacon not aware of that or given access to any of those records or documents?