Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

Given that Permanent TSB didn't go into the whole area of speculative property lending, land banks and development finance, how did it end up costing €4 billion?

Was it the collapse in property prices? Can you explain, from your point of view, and I know you were gone in early 2009-----

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