Oireachtas Joint and Select Committees

Thursday, 23 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

You said earlier on that the real trouble was in 2009 in terms of the collapse in property values, but can I put it to you and your assertion that AIB was solvent at the end of September 2008, that less than three months later on 21 December 2008, the Government made an announcement that there would be a capital injection of €2 billion into AIB.

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