Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Bertie Ahern:

Yes, I do. Because in all the discussions I had between August 2007 and up until I left, which was after the collapse of the share prices on St. Patrick's Day - St. Patrick's Day massacre as you like to refer to it - it was not ... it was about liquidity. I got very concerned from August 2007 and I had discussed it with the Central Bank, discussed it with the Department of Finance, discussed it with many, many people outside of it as well, and the issue was about liquidity. At no time, and I can honestly say this to you, at no time did any of the agencies or any of the officials for that matter, say "Get ready for boom or bust." That was not what was-----

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