Oireachtas Joint and Select Committees
Wednesday, 8 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
No, it wouldn't be. I wasn't ... I was, sort of ... I had no problem with whatever preparations they had to do and whatever options, let them be at it. I wasn't ... so to give you ... to answer your question, I was aware of what the multitude of solutions might be very early on, but I was, sort of, saying to myself, "We have an institution-specific analysis here, the whole way up through summer and into the autumn", so, you know, I was aware that ... you know, I remember ... I was a young TD in 1986 when a Government, at the request of, I think, it was AIB decided to nationalise ICI and that was ... you know, so that was ... I was aware that things can happen quite quickly and people looking for assurances and getting guarantees or whatever, nationalisations, all this sort of stuff.
But, to answer your question, I wasn't going around in the back of my head saying, "Oh, can't wait until I bring in a guarantee here." You know?