Oireachtas Joint and Select Committees
Wednesday, 2 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Michael Walsh:
Sorry, I think I left it up in my bag but, I mean, there is a very specific e-mail which says, you know, and, as I say, this is going from McDonagh to Beausang, saying, "The society has €3 billion in cash and its outflow is €30 million and it has sufficient cash at the moment. We may need to consider a contingency plan for December". So, on any basis, at that point in time, it was absolutely solvent.
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