Kieran O'Donnell (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

Irish Nationwide Building Society had only a core tier 1 capital of €1.4 billion with a write-off of €1.8 billion. It would have completely eliminated it. Anglo Irish Bank had only €7.1 billion of core tier 1 capital, with a potential write-off of €7.5 billion.

That is almost identical to what is in the memorandum of 25 September that was completed by Mr. Kevin Cardiff, at which everyone was present, including Merrill Lynch, the Minister for Finance, Mr. Kevin Cardiff, Mr. David Doyle, Mr. John Corrigan and various other interests.