Oireachtas Joint and Select Committees

Wednesday, 27 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Okay. I'm aware of the rating agencies and all the rest of it. But, kind of, in analogist terms, they're living down the road. You were in the house. You weren't living next door, you were meeting with these institutions. You were engaging with them on a day-to-day basis. You weren't abstractly removed or you weren't, kind of, taking a macro overview from a distance. You know that somebody up the road everything looks okay because there's a reasonably new car outside the door, the children are going out to school every morning. You were inside in the house.

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