Central Bank Governor Patrick Honohan at the Banking Inquiry this morning
To Honohan in September 2009, it was clear that Anglo was finished but it couldn’t be wound down because of guarantee #bankinginquiry
— Carol Quinlan (@QuinlanCarol) June 25, 2015
Honohan considered revoking the guarantee in Aug 2010 and bailing in bondholders and potentially large depositors. Rejected as too risky.
— Sandra Hurley (@sandra_hurley) June 25, 2015
Outside experts were advocating burning bondholders and Honohan thought it had to be considered #bankinginquiry
— Carol Quinlan (@QuinlanCarol) June 25, 2015
More as we get it.
Watch live here
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All of these so called “experts” from economic schools made stupid decisions.
Educated fools from uneducated schools.