The now infamous Bank Guarantee blithely put Ireland on the hook to the tune of €40bn, for the sake of safeguarding the riches of a few.
During his time in front of the Banking Inquiry committee today, Central Bank Governor Patrick Honohan has revealed that the late Brian Lenihan wanted to place Anglo Irish Bank into public ownership before the bank guarantee was introduced.
However, according to Honohan’s account, Lenihan’s intentions were overruled by others.
Honrohan insisted he would not name those who overruled Lenihan on the decision.
When directly asked who would have enough authority to overrule the Minister for Finance, he said “… the Taoiseach and the Attorney General were present, and they were the only other political people that were present.