Oireachtas Joint and Select Committees

Thursday, 3 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The e-mail also talks about the fall in stock prices and at the end there, the second last paragraph, the two lines, says, "Another reason for the stock prices going off is another round of margin calls in the remaining [contract for difference] market. I am told that this is all done and dusted now and that a good number of previously wealthy folk have lost their shirts in [contract for differences]." Was this a view that was well established or is this a view that you held yourself? I know this isn't your e-mail but is this something that was known at this time ... in November, that previous wealthy folk had lost their shirts in contract for differences?

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