Oireachtas Joint and Select Committees
Thursday, 23 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Dermot Gleeson:
And then on the ... two things happened on the afternoon of the Monday, 29th. I had a phone call from Sean FitzPatrick asking for a meeting, which I declined, and he also asked if I'd go with him to the Central Bank, I think, or to the Government. I'm not sure. Anyway, that meeting didn't happen. I later had a phone call from the governor of the Bank of Ireland and he said he thought it was ... that things were so fraught in the markets ... and this was a very fraught day. Anglo's share price had dropped by 50%. The American Congress was meeting on what's called the Paulson rescue plan. So, there was a lot of nervousness. People were, you know, very fraught. We were talking to the fellas - the officials - down in treasury department, which is the part of the bank that collects our funds. And the thing was quite fraught. Richard Burrows said, "I think we should go and see the Government." I said, "I agree." We had a quick phone call and we arrived at Government Buildings at 9.30 p.m.
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