Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richard Burrows:
No, it was property ... the property value was, was ... the collapse of property values was one of the big issues which caused the, the whole banking situation. It wasn't, it wasn't a deterioration in lending to other sectors that caused the problem. It was primarily lending to the property sector in the broadest sense.
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