Kieran O'Donnell (Limerick City, Fine Gael)
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It is on page 148 of the transcript. This refers back to the memo of 25 September 2008, which was completed by Mr. Kevin Cardiff and specifically revolves around the statement: "D Doyle noted that Government would need a good idea of the potential loss exposures within Anglo and INBS - on some assumptions INBS could be 2bn after capital and Anglo could be 81/2." In response your response to Senator Susan O'Keeffe you said:

I asked the person involved if that was what he thought. He replied, “No, that was wrong”. Maybe he meant €8.5 billion inclusive of capital, meaning the shareholder would have covered it all.

Subsequently, on page 161 and 162 in reply to questioning from Deputy Pearse Doherty you refer to discussions with David Doyle on at least three or four occasions. On page 161 you state, "he says he had no concept of" the losses. On page 162 you state: "He said he had no concept that there was a loss."