Oireachtas Joint and Select Committees
Tuesday, 10 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
Before we take a short recess, I want to round off one area which was touched on in a number of questions, namely, the competition that was taking place between the different lenders and the loans going to developers. Mr. Carswell gave an image of particular tracts of land where competition was taking place. During that process, was a marked weakening of the security being sought by Anglo Irish Bank and other banks as competition heated up a topic among the building developer community? Were they discussing it themselves?
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