Inquiry hears Brian Lenihan wanted to nationalise Anglo Irish Bank on night of bank guarantee

The head of the Central Bank says Brian Lenihan wanted to nationalise Anglo Irish Bank on the night of the bank guarantee – but he was overruled. Patrick Honohan says the former finance minister wanted to take over the banks, and potentially shut them down – but Brian Cowen decided not to. central bank He’s also told the Oireachtas Banking Inquiry that Anglo should not have been covered by the bank guarantee – and should have been liquidated that week. But he says he understands why the cabinet decided to issue a blanket guarantee at the time: [audio_player src=”http://media.radiokerry.ie/mediamanager/embed/audio/33954/medium/”]

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