Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Ciarán 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.
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