Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Doyle:
I think, you know, the reality is that the assessments that were ongoing in relation to Anglo, around that time, were showing concern but they were ... and if you recall, just before Christmas that year or before Christmas ... in Christmas 2008, the Government had decided to put forward a proposition to invest in the banks and as part of its intent to stand behind the banking system and it had intended to supply €1.5 billion in capital to Anglo. This document, reading it, is the Commission analysis of the proposal. That proposed injection of €1.5 billion of Anglo was, in fact, taken off the table that, that week, I suspect. Around about that time, the Government decided to nationalise Anglo-----
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