Brian Lenihan Jnr (Dublin West, Fianna Fail)

The decision on the guarantee was taken on 30 September, not on receipt of the PricewaterhouseCoopers report. That was an exercise to assess the loan quality of the financial institution.

I met the author of the report but the focus of the report was on the loan quality of the institution. Naturally, deposits were not examined in the same detail in that report.

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