Sunday September 20, 2020

We heard the Anglo tapes, now we need the answers

The Anglo tapes highlight the urgent need for a full inquiry that goes way beyond Anglo and the decision to introduce the bank guarantee, writes Seamus Coffey.

6th July, 2013
David Drumm: according to Patrick Honohan, the decision not to provide liquidity was 'open to question.' Photo: Tony O'Shea

There were alternatives to the two-year guarantee of almost all the liabilities of six Irish banks that was announced on the morning of Tuesday, September 30, 2008.

It was evident to Morgan Kelly that the banks - and Anglo Irish Bank and Irish Nationwide in particular - were bust, but we now know that people in the banks themselves, and also in the Department of Finance, knew this was possible, even if they were not saying so...

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