Oireachtas Joint and Select Committees
Wednesday, 29 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Alan Merriman:
So the disappearance of a securitisation market overnight would be a very clear example of that. The interbank market disappearing pretty much overnight would be a very clear example of that. Did the board have a view ... did it really understand those possibilities and did it really believe those could happen? They would have seen that as being more doomsday than being in the probable.
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