Dr. Bill Tormey, Dublin North West Fine Gael; Glasnevin; Finglas; Ballymun; Councillor; DCC » Simon Carswell on how the bank guarantee happened

Dr. Bill Tormey, Dublin North West Fine Gael; Glasnevin; Finglas; Ballymun; Councillor; DCC » Simon Carswell on how the bank guarantee happened: IT WAS THE biggest financial gamble, and arguably the biggest policy
decision, ever taken by an Irish government. The move in September 2008 to
guarantee the banking system, covering customer deposits and banks’ own
borrowings to a total of €440 billion, tied the future of the country and
its finances to the survival of its banks.?WAS IT LEGAL?WAS IT CONSTITUTIONAL?WAS IT ALL DONE OVER THE PHONE?