Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Pat Farrell:

-----and, again, to ... if it bears repetition, banks, obviously, had loosened their credit standards; they had flawed business models; there were issues around unsustainable expansion of credit; I mean, the list is longer than that, but, if you take them together, obviously, it made a major contribution to the crisis.

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