Oireachtas Joint and Select Committees
Wednesday, 22 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. David Begg:
Yes, it was actually. Yes, we were ... in fairness when that news broke, both in respect of the Anglo Irish Bank and the Quinn Insurance, when that problem arose, that was communicated to the Central Bank at that time. So, you know, we were ... we were quite ... I was certainly quite knowledgeable about what was happening at the time and I remember being a little bit astounded that when, you know, when Mr. Quinn was unwinding his contracts for difference, his 30% or whatever it is, you know, down to a 15% shareholding in the bank, the ... an awful lot of the public commentary at the time was that Mr. Quinn was expressing his great confidence in Anglo Irish Bank-----
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