Oireachtas Joint and Select Committees
Wednesday, 25 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Kieran O'Donnell (Limerick City, Fine Gael)
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Thank you.
Some banks had liabilities that exceeded their assets. They were essentially insolvent. Is it fair to say that clean audit reports, where they were not qualified, did not reflect the true and fair view of the financial position of the banks?