Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The full amount was lost, okay. In his statement to the committee Mr. Kevin Cardiff stated that ILP was set to run out of money by Thursday, 2 October 2008. You covered some of this earlier on. What was your assessment of your bank's liquidity and solvency position on the days leading up to the night of the guarantee and the night of the guarantee itself and, indeed, the subsequent days?
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