Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Dr. Dan McLaughlin:
-----in it other than that. I do think, probably, the ... what was included in the guarantee is probably a little bit puzzling because, you know, in general, most people would be aware that subordinated debt would be seen as, you know, higher risk, and obviously has a much higher interest rate to compensate, so the fact that that was included is probably surprising in retrospect, but that's my only comment.
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