Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Duffy:

And why do I say that? I just say that if you are so concentrated in one asset class, and that the pricing of that asset class was disconnecting rapidly from the income evolution in the country, there was bound to be an inflection point where there was a revaluation of those assets downwards materially.

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