Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Kevin Cardiff:
No, it's ... I don't think it's ... my memory is not exactly like that but it's not a complete fabrication at all. Remember, we didn't know that night that the guarantee would work, so, almost immediately one would ... one would have been thinking, what's next? What's the next thing? And if you look, even at my notes, there's a suggestion. Mr. Doyle asked the Taoiseach, you know, what about such and such a measure, I think swaps, and the Taoiseach says,"Yes, get that prepared", and then he says, "And what about [you know] NPRF?", in other words, getting the ... throwing more public money into them, and the Taoiseach said something like, you know, "Prepare it but don't do it yet." So there was a sense that this was the thing we were doing tomorrow, but it mightn't be the last thing.
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