Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Hurley:
Because emergency liquidity assistance for Anglo Irish Bank really didn't solve the bigger problem of contagion. None of the other banks were illiquid at the time, even though they were moving in that particular direction. The risks, as I mentioned earlier, of actually doing this were extremely high and even recognised in the Nyberg report.
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