Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Ms Cathy Herbert:

Well, simply to say that I didn't know that, I mean, I had ... I knew, obviously, this soft landing idea, that there wasn't going to be a crash and, that it was ... that had ... that was ... that had become a cliché of the time. But I didn't realise the extent to which that had taken root and that it was an obstacle to ... it clearly was an obstacle to the advice that the officials gave, with simple reason that they hadn't allowed themselves to think beyond that it seemed to me.

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