Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brendan McDonagh:

I did not know Mr. Lenihan at all. I'd met him probably on two occasions just in passing before the guarantee. The first time I had met him was actually at the launch of the NTMA annual report in July 2008, when he was just appointed Minister for Finance. He was there for the NTMA ... he came to the NTMA to launch the annual report. And ... but subsequent to the guarantee, I suppose myself and my colleagues had much more interaction with Minister Lenihan because the whole implementation of the design of the guarantee, and what was involved. And then the, I suppose in December 2009, there was a first recapitalisation announced of the banking system. In February ... Sorry that was in December of 2008-----