Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael D'Arcy (Fine Gael) | Oireachtas source
Can I ask, Mr. Cowen, if you saw the evidence from Mr. Dan McLaughlin when he presented a number of months ago and he made the point that it was, in particular, the commercial real estate sector that did the most damage than any other sector. I mean, there's a lot of conversation about residential mortgages but that Anglo Irish Bank, which would eventually cost the state in the region of €30 billion, was a monoline bank, primarily for commercial real estate and everything attached to it. During your tenure as Minister for Finance, was the commercial real estate sector presented to you as a difficulty at any stage?
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