Inquiry took away our comfort blanket

Inquiry took away our comfort blanket

The guarantee was planned in advance, the ECB intimidated us, but really we had only ourselves to blame

Forty-nine days of hearings, 128 witnesses, 180 written statements. The public sessions of the banking inquiry are finally over. What did we learn?

1The night of the bank guarantee did not happen. The decision was not made in the Sycamore Room in Government Buildings in the early hours of September 29, 2008.

Instead, as Tom Lyons explains on these pages, it “arose from extensive analysis by the Department of Finance, Central Bank and regulator, with the teams of external...

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