Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Basically, the suggestion is, is that there was no ... there didn't seem to be a let-up from the banks of investing into concentrated areas such as commercial property, development property, and that what the global financial crisis brought on was basically a realisation that assets were overvalued and would eventually have to be written down.

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