Oireachtas Joint and Select Committees

Wednesday, 2 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Stanley Purcell:

The financial implications ... sorry, Deputy, the financial implications is that there would be a windfall for members; in other words, their shares would be bought by whoever bought us and that they would receive an amount of money, just in the same way as people in Irish Permanent did in the early '90s and somewhat later in First National. So the members and the borrowing members would have received an amount of money.

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