Oireachtas Joint and Select Committees

Thursday, 16 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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This is finally, whether it did or not, the Government's intention, through this legislation, to allow for commercial mortgages to be included in covered assets securities, was to allow for banks such as Anglo, Bank of Ireland, Depfa bank, banks who all got into trouble, to access more wholesale money on the wholesale markets at the peak of credit into the Irish market. Do you take responsibility for that?