Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Brian Cowen:
No, you wouldn't ... you wouldn't be assessing it ... you wouldn't be basing your projections based on that. That's ... that's why we ended up with a crisis all over the place, because everyone's projections went out the window, because you now had a reality where a liquidity crisis plus a ... plus a lending drought, suddenly you had an economy that was moving ahead at that speed suddenly being brought back-----