Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
If I may niggle on the poor old bondholders, I hold no great lobby for them but by and large they only got their money back. Irish banks had such a high standing that bondholders preferred to invest in them rather than British Government securities because they could get more. They were not in speculator mode but I agree with the Deputy in regard to shareholders and other participants.
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