Former Cabinet ministers 'aware' Anglo insolvent before nationalisation

Two former Cabinet ministers have told the banking inquiry that they were aware that Anglo Irish Bank was insolvent before it was nationalised in January 2009.

The evidence of former Green leader John Gormley and former PD leader Mary Harney contradicts other witnesses who said the nationalisation was due to corporate governance issues at the bank.

Mary Harney told Pearse Doherty that she was certainly told prior to nationalisation that insolvency was an issue, though she could not be certain exactly when.