Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Was the gravity of the Anglo position understood? I ask that because the Anglo balance sheet was 60% of Ireland's GDP. Lehman Brothers, which has been mentioned by several speakers, was only 7% of US GDP. I mean, this was Ireland heading towards a real crisis, as we saw. Was that appreciated in the bank and in the people with whom you associated?
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