Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. David Doyle:

-----once it became established, post the really ... the biggest ... the big exposures, realisation about the exposures happened post-NAMA loan transfers and valuations. A huge bill emerged. On foot ... as a result of the Government deciding it's going to stand behind the banks, that deficit had to be made good and that was part of ... of the bailout.

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