Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

Well, I don't ... I could be wrong now in this ... my understanding of what drove this was a fear that Anglo would not have enough liquidity the following day, not that the other banks would not have enough liquidity. So I presume ... and, as I say, I could be wrong in this because I've no particular insights but I presume that if the other two had put up €10 billion between them, that that would have been enough to keep Anglo on the road and that the-----

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