Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

We know there was a run because we talked about it here and we heard a lot about it all being low-risk. I am going back a couple of years to the start of the banking crisis, when the crisis materialised. There was a run on shadow banking which had an impact on many other funds across the globe which were not lending and which were very panicky at that time. That had an impact on financial institutions, which could not get short-term lending - I think that we are agreed on this. That in turn had an impact on the liquidity not just of banks in the United States but of banks here in Ireland. Would Mr. Carrigan agree with that?