Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Paul Dobey:
Yes. I'm sorry, I can't disagree with you, but I ... because I don't have the accounts here, but I'm surprised at that. I would've believed that there was disclosures in the accounts setting out the property in relation to disclosures. But, I think the issue ... the big issue that AIB faced in 2007 was the valuation around its securities. Property was obviously an issue but property prices were reasonably elevated at that point also.
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