Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. David McWilliams:
I said to him, "You can be dead set against a full guarantee but a temporary one, if you know the facts ... up until now the officials had consistently understated the extent of the problem, so a full guarantee should only be introduced temporarily to attain the facts if the banking system was imploding." What I thought he was saying about the officials was they still felt the banking system was not going to implode.
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