Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Mr. McWilliams mentioned that this was obvious to anybody that was trained, which is important. I want to take Mr. McWilliams through 28 January 2008. His former employer, UBS, had issued a recommendation at that time. It issued a sell recommendation on AIB and Anglo Irish Bank as a result of mounting fears that they might suffer a rise in bad debts due to their exposure to falling commercial property markets. UBS estimated a 30% possible decrease with rents remaining the same.