Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
Okay. You say in your witness statement that "many of [the] advisers were hampered in their analysis of the crisis by their unswerving belief that our banks were fundamentally sound". When it emerged subsequently in 2009, in 2010, when the full scale of the recapitalisation emerged, how ... did the Minister ever express any frustration to you as to the nature of that advice and the difficulty of getting to the bottom of the black hole in the banks?
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