Eoghan Murphy (Dublin South East, Fine Gael) | Oireachtas source

Moving on to September, on 14 September, Professor Ahearne wrote an article in the Sunday Independent. He was talking about the banks and he said that the information they had been releasing about the quality of their loan books did not always square with anecdotes about potentially huge losses associated with land purchases and unsold developments. To what extent did he understand then the threat posed to the financial system by the problems in the banks?