Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay. Thank you. Can I ask Mr. Duffy in your experience how rare or how exceptional were the confluence of events and factors both domestic and international which lead to the banking crisis in Ireland and indeed elsewhere in September 2008? How rare or exceptional an event was it or was it entirely predictable?

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