Oireachtas Joint and Select Committees
Wednesday, 4 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Professor Alan Ahearne:
It was probably around then. I used the term but perhaps I should not have. I do not think anybody described it to me as a complete basket case, but there were worries that this was a bank that was deeply exposed to property and the property market was in trouble, and so the logic was that there had to be risks and worries about that particular entity, perhaps more so than for the other banks.