Oireachtas Joint and Select Committees
Wednesday, 1 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Charlie McCreevy:
No, but walls of money started hitting the Irish economy when the international banks and investors decided that you'd get a great return for investing in the paper that Irish banks were putting forward because Irish banks were making colossal profits etc. etc. and it was far better to do that. That's what happened subsequently.
But in the immediate aftermath that didn't happen - I think the figures will justify that.
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