Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I'm not being pedantic and I will afford Deputy McGrath time to come back in, but you see, it's one thing to say, "Let's go and nationalise a bank." That's a very abstract concept. What I'm trying to establish is on the evening, was there a concretised proposal that said, "We can nationalise Anglo Irish Bank, we do have legislation here and we can move it." So the argument in terms of nationalising Anglo is in the context that there is a vehicle and a mechanism and a methodology to actually do so. Not that we need to go in and do something now, how can we do it, but there is actually a method to do it.

Comments

No comments

Log in or join to post a public comment.