Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
There's two examples of the unravelling that you described. Book 1 at page 143 and book 1 at page 147.
The first one refers to loan approvals of €54.7 million sought for noon the following day, increasing the connected exposure to €88.7 million, and the second one is a 24-hour turnaround for approval for €23.96 million. It's hard to imagine anything further from the model of a group of teachers assisting each other with their house expenses. So, what was going on at that time?
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