Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

Well, I'm not sure whether we were ever actually formally members of it. But the only reason that we attended any of those groups was because we had the cash and we were only asked each time "What ... how much money have you got and will you not put it into the banks?" I mean, it was a mantra that came out at every meeting. And I think it was Brendan McDonagh said, "Maybe they thought they'd wear us down on this", or that we'd give into pressure or whatever. But we weren't giving into pressure. I said, "That's our position and we weren't going to-----

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