Oireachtas Joint and Select Committees
Wednesday, 15 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Pat Farrell:
-----and, again, to ... if it bears repetition, banks, obviously, had loosened their credit standards; they had flawed business models; there were issues around unsustainable expansion of credit; I mean, the list is longer than that, but, if you take them together, obviously, it made a major contribution to the crisis.