Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

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

A number of names have been mentioned today, including those of Professor Ahearne, Mr. David McWilliams and Professor Morgan Kelly. Does Professor Ahearne share the view that there were only a number of contrarian voices, or was the evidence wider? Will he comment on the note that UBS issued to its investors in January 2008 in which it advised them to sell shares in Anglo Irish Bank and AIB? This was done at the start of 2008 and was based on its expectation that commercial property prices would fall by 30%. How widely available was this information in terms of people who were trained or had access to this information?

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