Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Marc MacSharry (Fianna Fail) | Oireachtas source
Just to clarify, because I am conscious we are all getting a little bit used to terms like ELA and everything here in this room ... and there's people watching at home, is it ... just to clarify, is it your contention that if ELA on its own was provided to Anglo the next day, that theoretically we could have got to the weekend, but the risk in doing that was because the word around the campfire that ... all around Dublin as you said earlier on, was that Anglo was in trouble and this could have led to serious contagion for the other banks and things would have been worse? Is that what you mean?
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