Oireachtas Joint and Select Committees
Wednesday, 17 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
But did it or did it not emerge later really, in view of the huge amount that was spent on the guarantee, that there should have been a much more thorough and forensic examination? Rather than relying on ... and can I refer to one document ... that's from William Beausang, it's not in the book but it's cleared for display ... from William Beausang, e-mail, and yourself is copied into that Mr. Doyle, on 19 September 2008? Maybe that could go up, yes, thank you. And then in the second last paragraph under Anglo, it says GS, which is Goldman Sachs, who were had looked at INBS, "were very clear that if they were in our position they would have legal, accounting and corporate finance expertise combing through the books". Now, shouldn't that really have been a warning to the regulator and to yourselves that a forensic examination was needed, not depending on information from the management of the banks?
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