Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Corrigan:

Well, again, my recall of that meeting is that there was ... it was quite a big meeting ... there, the Department was there, the regulator, the Central Bank, legal advisers and others. And it was only ... it was only towards the back end of the meeting that we got a chance to, to, to express our views and indeed I remember at that stage, the chair of the meeting saying to me, who was the then Secretary General of the Department of Finance, when I tried to express a view that, in fact, I didn't have a view because I was the agent for the Minister for Finance. But notwithstanding his ruling, so to speak, I did forcibly express the view ... that the proper course would be to nationalise the bank.

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