Oireachtas Joint and Select Committees
Wednesday, 21 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Susan O'Keeffe (Labour) | Oireachtas source
Mr. Regling states on page 39, "it would seem quite surprising if there was no common wisdom to tap that would have pointed to the fact of high concentrations in commercial real estate lending". He seems to be suggesting that common wisdom, the knowledge people had, would have suggested there was a serious problem. I am not clear whether Mr. Regling said people ignored it or simply did not know. There is a huge difference between not knowing and ignoring. He is suggesting that they were ignoring it.
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