Oireachtas Joint and Select Committees
Thursday, 26 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. David McWilliams:
I did not have any evidence, but I said that if one let them go illiquid, they would become insolvent. The interesting thing is that the best banks, if they are margin driven and have heavily exposed one side of their balance sheets to short-term debts, will go insolvent if one lets them be illiquid.
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