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Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: -----he doesn't know what the status was. It could have been the case that the guarantee was in place and they were now looking to find out what the extension of that was. The guarantee could still have been in a processing mode at that time but in fairness to Mr. McDonagh, he has been on record as saying he's not qualified to state what the status of the guarantee was at that time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay, but I'm trying to avoid repetition but that point has been made over and over and I will not be asking it again.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Vol. 2? There is two books.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: What page there Mr. McDonagh?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Sorry, you are over the time.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you, Mr. McDonagh. Deputy O'Donnell, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: What evidence page are you on there?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: What page?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Alright, it's over a number of pages.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you very much. A final question, then I will pick up on the leads and very very briefly, a quick wrap up. Deputy John Paul Phelan, ten minutes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: To put another question to the Deputy. Please can we wrap proceedings up.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Moving into the lead's brief supplementaries, I am going to facilitate a situation of five minutes maximum where I will be asking members to be tighter on their time with that and if I can ask the questions to be short and the responses to be equally short.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Final question 'cause I won't be bringing you in after your next question.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you. Deputy Joe Higgins.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Would the Deputy explain? Sometimes members say "for the public to understand", but just for the Chairperson to understand, what does that comment mean, Deputy Higgins?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Magnificent, but what does it mean, Deputy?

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay. Correct.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Thank you very much, Deputy.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Okay.

Committee of Inquiry into the Banking Crisis: Nexus Phase (22 Apr 2015)

Ciarán Lynch: Could you answer in English, please, Mr. Daly?

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