Oireachtas Joint and Select Committees
Thursday, 23 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pat Rabbitte (Dublin South West, Labour) | Oireachtas source
Again, I think the actual context in which this happened is important. I happened purely by accident to meet my colleague Eamon Gilmore very early that morning and, you know, my mouth was open at the news I had just heard. And I briefly discussed it with him. Somebody had already been on to him about dated subordinated debt and he said that he had already decided that we should oppose it because he felt we were mortgaging the deeds of the country and there was no time to discuss with anybody else. I mean, he got a phone call from Brian Lenihan at whatever time that morning and really everything happened very quickly.
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