Michael D'Arcy (Fine Gael) | Oireachtas source

Anglo was lending money out but was required to have minimum capital ratios. On page 59 of his book Mr. Carswell says that the chief executive of Bank of Ireland "could not get to grips with Anglo. I said it in my own organisation, if there was ever a downturn or liquidity crisis they were done for, they were gone." As subsequently noted, that liquidity crisis did come. Was there a model in place that Anglo could possibly have survived if that liquidity crisis had not occurred?