Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael D'ArcyMichael 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?

Comments

No comments

Log in or join to post a public comment.