Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Could I bring you to 13.6 on the same page? The section ... the last sentence: "Substantial legal risks would have arose in seeking to undertake a bank resolution when the board, senior management and shareholders of that institution would vigorously assert that the institution was fundamentally sound". Wasn't that the wrong brief to put to the Attorney General? It was that all the people you mentioned - the board, the senior managers and the management - were asking the Government for a rescue. The hypothesis in the sentence is that, I don't know, a bunch of Marxists were trying to nationalise banks, but, in fact, it was the people in them were looking for us to bail them out for the €64 billion.
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