Oireachtas Joint and Select Committees
Thursday, 7 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Susan O'Keeffe (Labour) | Oireachtas source
On page 4, again of your own statement, Mr. McArdle, you say, "... the alarm bells should've been ringing in Dame Street for the best part of a decade." You were talking about the whole idea of "An annual growth rate of 20 per cent real is often taken as the trigger ... Anglo Irish Bank, crossed in eight of nine years." Now and you were referring to Professor Honohan there. Surely everybody knew. It wouldn't just have been Dame Street where the bell would've been ringing, you would've known what was going on. I'm not saying that you were responsible, by the way, I know what your ... but, did you know and were you not sitting scratching your head going, "Oh, this is a bit serious."
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