Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

Yes even with that statement there. I mean at the end of the day, it may be that we had to take a position in terms of the capitalisation of some of these, and take a shareholding, which was the initial thinking we had on the Anglo situation when we were putting in the €1.5 billion. But other issues then came into play there which meant we had to go the full nationalisation route straight away.