Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Brian Cowen:

When the decision was made and we met on the Tuesday morning afterwards we ... the Minister for Finance outlined the basis of what had happened and obviously it had very dramatic effects and people were ... had been ... had phoned about early ... late the previous night. There was no dissension . I shouldn't ... I know Cabinets are confidential but there was no ... it was saying okay, if that's ... we had to got that road, we had to go that road. But the question of solvency, I mean we were ... we were dependent on the advice we were given on the night, that's all I can say about it.