Oireachtas Joint and Select Committees
Thursday, 28 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Patrick Neary:
There was, there was a meeting in January 2008 but he said that he had small CFD positions and I remember a phrase that stuck in my mind that he was, ''now long in financials'', or something that he took. But he certainly didn't give me any impression. And I didn't feel and you know this ... this matter, you know, if he had CFDs, I mean, that's a matter for Mr. Quinn. And he volunteered that he had some CFDs and that he had now gone long in financials. And I took him to mean, I took him to mean that whatever CFDs he had in financial stock, that he had converted it into a holding and shares.
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