Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. David McWilliams:
During October, I wrote extensively that I was beginning to get worried about the nature of this. The first was about the inclusion of subordinate junior bonds and the second was the way of tying the weaker banks into other banks. I became worried that what I thought was an emergency measure to protect depositors was going to end up being used as a cloak to protect bank creditors.
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