During yesterday’s evidence to the inquiry Charlie McCreevy insisted the policies he had as Finance Minister between 1997 and 2004 did not contribute to the bubble or the subsequent bust.
That sets up the inquiry to hear today from Brian Cowen who took over as Finance Minister in 2004 until he became Taoiseach in 2008.
He’s likely to be pushed on policies implemented in 2005 and 2006 around tax breaks, as well as his relationship with and oversight of our banks.
Brian Cowen’s expected to be questioned by the inquiry next week on his time as Taoiseach and especially the night of the guarantee and two years later the bailout.
But in his opening statement this morning he could confirm that on the night of September 29th 2008, he over-ruled the late Brian Lenihan who favoured nationalising Anglo rather than guaranteeing it.