Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
1:15 pm
Dr. Michael Somers:
I do not know the detail of the discussion the joint committee had with AIB representatives on the €600,000 or whether they undertook to provide further information. It appears to be a very small figure. When loans are written off, it is somebody else's money. Money does not come from nowhere and in this instance has probably come from the State pension fund.
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