Peter Mathews (Dublin South, Independent) | Oireachtas source

I will give another example relating to Bank of Ireland. Does the House know what the bank's bonds in issue amounted to on the balance sheet? I am referring to senior secured bonds in 2008. Mr. Boucher could not remember but I reminded him. There was €61 billion, almost half Ireland's national income, waiting for redemption soon after 2008. How did the bank redeem them, because the bank was on a life-support system and no one really understood what was going on? The Government was clueless and the Department of Finance did not have a clue.

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