Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Mike Aynsley:

Yes, which was put in place not long after the note was issued, that created different accounting treatments on the State's and the bank's books. And, by doing this, it alleviated the issue that they had of starting to pay back this. Then there was ... as I said, you know this is ... a lot of these decisions are down to the best economic value, so it mightn't have been the best economic value for Anglo Irish Bank to liquidate the bank------

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