Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

No. The wiping out of the shareholders was certainly, I suppose, a technical issue that I felt that had to be grappled with because of constitutional property rights and that was, I suppose, at technical level in terms of the draft Bill presentation but, I suppose, there really wasn't any more because they went the guarantee route, these Bills were left aside, just as obviously there was other things to be worked on. And, I suppose, it came back up again as a huge issue that had to be dealt with in a very complex way by the Attorney General's office when the Anglo nationalisation Bill was being prepared in mid-January 2009.

Comments

No comments

Log in or join to post a public comment.