Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Gormley:

Well, I think the problem there is that the idea of ... as its ... letting Anglo go, I think, it's been ... I think, if I recall, your own party leader favoured that particular option. But, you know, I think it would have led to chaos and I think Governor Honohan said that subsequently as well - that it was not an option. I don't want to say that that was the actual David McWilliams view because the liquidation of Anglo is not something that I recall in detail as a topic. But the ... what I was trying to get at is the option of the State taking over the banks and that was not something that he favoured.

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