Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

In the actual scenario, with the information available at the time, he is saying they should have taken the bank into public ownership with a partial guarantee on future debts, changed the management and used emergency liquidity assistance to work it out over time.

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