Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

And to what extent, for either of you, was there evidence that the banks were lending money - huge sums of money - to borrowers without knowing the full exposure of that borrower to other banks ... that bank X was lending money, not knowing that the person already owed bank Y several hundred million euro? To what extent did they have a full handle on the overall indebtedness of the people that they were lending to?

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