Oireachtas Joint and Select Committees
Thursday, 15 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Patrick Honohan:
I am sorry, Deputy, but I have spent the last ten minutes trying to say that is one framing which is very bizarre, because if we say it is the bondholders, we say, well, under what circumstances? If we had not had a boom and bust - and you have to take the boom part - those bondholders would have just got their money somewhere else. The money----
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