Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

And, Mr. Neary, how did you feel when it subsequently emerged publicly that the extent of the stake built up in Anglo, by Mr. Quinn, was over 29%, that from November 2007 to July 2008. Anglo had lent just under €2 billion to Mr. Quinn to fund margin costs associated with the contracts for difference? How did you react to that when the full picture emerged?

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