Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Mr. Cowen, on 31 March 2010, in a Dáil exchange, Deputy Gilmore, as leader of the Labour Party during Leaders' Questions, questioned the motivation for ... for guaranteeing Anglo Irish Bank at the end of September 2008 and he said, on the record that day:
I believe that the Taoiseach and the Government made that decision in September 2008 not in the best economic interest of the nation but in the best personal interests of those vested interests who I believe the Government was trying to protect on that occasion ... and whose property interests and prosperity were bound up with the fortunes of Anglo Irish Bank.
And he accused you of "economic treason". How do you reflect on that now?
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