Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
To clarify Professor Honohan's view on Anglo Irish Bank at the end of September 2008 and the options available to it in a hindsight scenario, he is saying that if there was knowledge about the scale of the black hole in the bank and the potential cost of €35 billion, it should have been let go and liquidated.
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