Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
In an article published in The Sunday Business Poston 20 January 2008 Mr. McWilliams wrote:
A few years ago, one of Ireland's best known bankers indicated to me just how important it was that the Irish banks remained Irish-run in a downtown. His nightmare scenario was an Irish property market slump, coincident with a change of management in Ireland's major banks. In a crisis, he envisaged a response that was almost a type of financial war-cabinet, where bankers would have a direct line to the governor of the central bank and the Minister for Finance.
Without mentioning names, is this the same conversation Mr. McWilliams referred to in chapter 10 of his book Follow the Money, on page 129?
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