Oireachtas Joint and Select Committees

Wednesday, 24 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of John Paul PhelanJohn Paul Phelan (Carlow-Kilkenny, Fine Gael) | Oireachtas source

Okay. That's fair enough. Mr. Cardiff then went on to outline how the decision to include Nationwide in the guarantee was largely based on this previously mentioned Goldman Sachs report into Nationwide which you have referred to in, I think, paragraph 17.8 of your opening statement.

I wanted to ask you, are you aware of ... I suppose you'd call them allegations that were published in a ... in a book called The FitzPatrick Tapes,by Mr. Brian Carey and Mr. Tom Lyons, attributed to Mr. FitzPatrick where he was referenced to have made contact with senior staff in Goldman Sachs in ... when they were carrying out the investigations for this report ... lobbying them, effectively, because, and I want to have ... I've a direct quote from the book here, that "he was worried that should the review be extremely negative about Nationwide, that officials might think that things were as bad or worse inside Anglo". Were you aware that there was any such alleged lobbying taking place from Anglo towards Goldman Sachs at the time?

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