Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Mr. Cowen, we now know, I think we can determine, although the committee will be making its findings at a later stage, but I think the Irish public have made up their mind that certain financial institutions were over-exposed to property lending. The question I'm asking again is did you ever ask anybody, lift up the phone, ask your officials, based on what was being written about in the media, written by commentators, particularly very influential financial commentators, and other institutions who were advising their clients to sell their shares in these banks because of their over-exposure, did you ever ask the question, "Are some of our banks over-exposed?" And if you did-----

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