Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
For those that were arguing for the nationalisation, which we understand includes the Finance Minister, what was the rationale behind the arguments for nationalisation? The committee has heard evidence that the issue of solvency was, and this is paraphrasing, but was part of that argument or the loan book of the banks was part of that argument. From your understanding of being present on the night, what was the rationale to nationalise one of the banks instead of guaranteeing it?
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