Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. John Corrigan:

It would have been very difficult, I think, to liquidate it. I mean, that was one of the options. I mean, the whole system was very fragile, and I think some sort of precipitated liquidation at that time probably would have had hugely damaging effects for the wider system. So I don't think liquidation was a possibility. But again, I ... I'm giving you my views. I hadn't the benefit of all the discussions that took place that weekend, and on 29 and 30 September.