Oireachtas Joint and Select Committees
Wednesday, 24 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. William Beausang:
Well, I mean, clearly, in hindsight, those institutions were under huge stresses and huge losses were subsequently incurred. I mean the point, the reason why I am not trying to avoid the question, I think it was Con Horan, the prudential director, who made the ... talked about how it's really the subsequent declines in prices, in commercial property prices and house prices was what then-----
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