Oireachtas Joint and Select Committees
Wednesday, 11 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
Absolutely and that is why I am saying - people are surprised - that even with the evidence that was there, they should have seized control over Anglo. It had lost the confidence of the markets, had no cash and in an extreme stress situation, it could have wiped out its capital. I am not disputing that at all. I actually am making that point and people seem to be surprised.