Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Mr. McGann, we have seen evidence at this committee and ... you know, in terms of where all the banks seen themselves post-2008. It was a presentation, I think, either to the Central Bank or to the Department, and Anglo Irish Bank stood out because they expected to lend more during that period. They believed they were going to be highly profitable and so on and so forth. We have heard evidence from Nationwide, for example, that they stopped all new lending in ... at end of 2007. Was it not the prudent and appropriate thing for the board to change the strategy at a time when agencies, international commentators that were reputable, were saying that your model is "broke" and people should run from your model and from your bank?