Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Corrigan:
Well, again, I would have chatted to Minister Lenihan about this and in the back of his head, he felt that that in recapitalising those two banks, there was a strong probability that the State would get its money back and while it wasn't a commercial investment which the board of the fund would make of its own accord, there was a strong prospect that we would get the money back and, therefore, he thought it was within the spirit, if you like, of the fund. Whereas in his mind in relation to the other institutions, I think he saw that the prospects-----