Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Richie Boucher:
-----putting infrastructure into sites and that to enhance their value, because we saw a downturn coming, we didn't see the extent of the downturn. As has been demonstrated as we transferred loans to NAMA, the haircuts we had were different, partly because we had less unfinished property.