Oireachtas Joint and Select Committees
Tuesday, 10 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Mr. Simon Carswell:
I do not think so. In terms of the figures the Deputy mentioned, they believed there was only €500 million of bad debts. I think they believed that. Given where the market was at that point they felt there was not a solvency issue; at least that is what they were presenting in private meetings at that time.