Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour)
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Just to kind of reshape the question and I totally understand what you're saying, Mr. Cowen, you're in a crisis-driven environment, you're dealing with the information that's to hand, and to apply a sort of counter-narrative and counter-analysis to that, with hindsight, doesn't properly capture the context of that situation. But I suppose the core to the question is, if a true financial position of the banks had been known on the night, do you believe that there was a true financial position? Was that accurate in terms of the information that you had that evening and did you act upon what would be considered the best information or just the information that was available?