Oireachtas Joint and Select Committees

Wednesday, 6 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Cormac McCarthy:

Yes, pretty quickly after the guarantee was announced there was predatory behaviour on the part of certain institutions. People in certain institutions contacting customers to the effect that, you know, "Bring your money in here, there is a State guarantee, it is much safer." So that behaviour, and in fact that behaviour became public knowledge. So there were some... I certainly believe there were some media reports to that effect.

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