Oireachtas Joint and Select Committees
Wednesday, 9 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Gray:
It would have been much more favourable for the Exchequer but much more damaging for the economy. I know of no expert economist in this area that thinks in the middle of coming into a bank run that a sensible option would be to liquidate a bank and we do have one example of that, Chairman, namely, in Lehman Brothers and we know the impact of it.
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