Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. David McWilliams:
Yes. One goes online. There is a thing called Bloomberg, which is a sort of financial market survey. It was there all the time. The price of Irish credit default swaps - for example, if one wanted to buy Bank of Ireland shares and bought insurance to protect against the risk that Bank of Ireland would go bust - was going through the roof, so people were thinking that this bank was in trouble.
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