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

Okay. Mr. Cowen, were you aware that the market analysis in relation to some of the Irish banks, not all of them, at the end of '07, early '08, was that the difficulty ... that their loan book was substantially impaired or would be substantially impaired?

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