Oireachtas Joint and Select Committees

Thursday, 9 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Dr. Michael Somers:

I'm not saying that I felt that strongly about it at that stage. It was kind of an evolving view. I mean, by the end of the year, I think we all felt that this had no future. I mean, our view has been widely publicised ... was probably shown by the fact that we did not want to put cash with them. Now, we were that dubious about them and that I suppose, in itself, indicated the level of concern that we would have had about that organisation. So, we would have wanted to stay away from it.

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