Dáil debates
Wednesday, 24 September 2008
Irish Economy: Motion
8:00 pm
John McGuinness (Carlow-Kilkenny, Fianna Fail)
It is not too late because no one could gauge. It was something that happened. Some of the biggest fund managers in the world lost billions overnight because they could not gauge it. They were the ones central to whole financial activity because no one knew what was in those toxic loans——
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