Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

Well, it was a possibility. I just did not feel comfortable with this thing. I didn't know what was going to happen. I mean, I'd no particular insights. People think I knew something. I actually didn't know anything. But I was always jumpy about ... as Brendan McDonagh said, we were a very conservative bunch of people. And if we lost State funds, our necks would have been on the chopping block and we were not prepared to take any risks.

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