Oireachtas Joint and Select Committees
Wednesday, 22 April 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brendan McDonagh:
There was three other people in the room: Mr. Whelan, my colleague, and Mr. Beausang, the Department of Finance, and Mr. Ó Riordáin. I don't think we ... as far as I recall, I don't think we left the room. I think we were left in the room and my most abiding memory of that time is that there was a small portable television in the room and the channel was stuck on CNBC or MSNBC or whatever it is and the Dow Jones was falling by 700 points.
That's my most abiding memory of that night, that we were there and there was a TV on in the corner and you could see that the world was collapsing not just in Ireland, but this was post-Lehman's in the US the Dow Jones was tanking by 700 points and-----
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