Oireachtas Joint and Select Committees

Thursday, 30 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Anglo Irish Bank has cost the ordinary person, taxpayer out there €30 billion that they will never see again. So the question I'm asking is: is it credible ... Anglo was in survival mode at that time; share price was falling; two weeks before the unwinding of the contracts for difference had taken place; major liquidity problems. They were a monoline group. It wasn't a diverse group. It was a group of four people, all direct links with Anglo. So is it credible - you were saying you discussed the economy - first of all, is it credible that ye did not discuss banking and Anglo Irish Bank?

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