Oireachtas Joint and Select Committees
Thursday, 11 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Liam O'Reilly:
But, be that as it may, the following year - well, certainly on my departure in 2005 ... when there seemed to be an increase in interest rates, financial incentives were being discontinued in the building sector and house prices were stabilising and we were getting these comforting statements from the IMF, these all, I'm afraid, led us astray in terms of our sense of danger.
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