Oireachtas Joint and Select Committees
Wednesday, 25 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Gregory Connor:
To know a bank is insolvent is very difficult because it might not be technically insolvent. Its stated accounts do not show a negative equity residual, which can happen. The probability that the banks were insolvent was very high and I suspect many business people in the IFSC knew they were insolvent.
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