Oireachtas Joint and Select Committees
Thursday, 18 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Kevin Cardiff:
Well, other, there were two decisions that night. The first one was to recommend something to Government and the second was the Government's decision itself. So, I mean, you couldn't ... well, it depends on how you look at it, Deputy. If you think that when a Minister, a Taoiseach and an Attorney General come to a conclusion, it's likely to be carried by the Cabinet, then we were at that point before the Cabinet was rung. But they were called, they were each advised of what was being done, and they could each have queried it. But, realistically, I mean, there's a, sort of a ... people ... Ministers occasionally get slated in the press, "Why didn't you stop it?" If the Taoiseach rings you and he says, "There's a big problem and we have to stop it and it's urgent, and, by the way, this is what we're doing", you probably have to take it on trust. And, also, in fairness to various political parties and so forth, the next day, when the Government came to them in the Dáil and said, "We're going to have to do this", it's not really fair later to criticise them for saying, "Okay." When it's a crisis, you have to come behind something, and unless you're dead sure, you're going to come behind the Government, so this criticism of people for agreeing to the guarantee or not agreeing to the guarantee or some people saying they did and some people saying they didn't, and some people saying on the day that they don't really agree but they're going to vote against it anyway, the truth is, the Government presented ... the Taoiseach and the Minister presented to the Government and then to the general public and to the Dáil, a problem and a proposed solution. In the event that they hadn't ... in the event that the Dail had voted against their proposed solution, we might have had a much bigger problem. There wasn't much choice for Ministers at that-----
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