Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. So when you were handing over the Department of Finance to the new Minister, Brian Lenihan, in May 2008, how would you characterise the preparedness of the Department for the looming financial crisis, which had started but it certainly hadn't reached the severity that it was going to reach in the succeeding months?
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