Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

Well, Deputy, I'd have to say, you know, nationalisation at the time that was being considered ... the type of nationalisation that was being considered was not to step in and take control of the assets, being the loans, and release all ... release ... say to the depositors and lenders, "You'll get your money back when the assets have been realised." That's sort of tantamount to an involuntary liquidation. The nationalisation that was being-----

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