Oireachtas Joint and Select Committees
Thursday, 21 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. John Hurley:
Yes, but you are talking about a falling market where there was actually no price. When, in fact, the valuation took place, there was no market and there was a great deal of ... but, decisions had to be made and decisions were made in the context of, presumably, European advice at the time, but there was no market.
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