Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Eugene McCague:

Well, I don't know whether there was a primary option, because all the information was coming in together, and I suppose maybe because I had been solely dealing with the nationalisation Bill, my brain was hard-wired towards the fact that I'd better get it ready in case that's what was needed. But in terms of the guarantee, it was still in the mix as one of the Merrill Lynch options, but it wasn't ... in fact, an awful lot of that meeting, Deputy, was really about the loan books and what was going on. And the discussion on the actual options, certainly when-----

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