Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
-----as a result of overexposure in property. We had the Financial Timesarticle, for example, in around the "St. Patrick's Day massacre", talking about Anglo Irish Bank being in the same boat as some of the other banks that had gone bust and run into trouble. So this wasn't a secret kind of conversation that was happening between the numbers. There was openly people ... large institutions who were telling people to get out of Anglo Irish Bank, rating agencies were downgrading you, serious commentators in international financial press were saying "stay clear of Anglo Irish Bank". Did the board just say "we know better" or did you take a serious-----
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