Peter Nyberg  at the banking inquiry

[FG senator] Michael D’Arcy: “In the scale of misjudging risk internationally, how bad was the Irish banking sector’s misjudging risk?”

[Finnish Finance expert] Peter Nyberg: “The Irish institutions were pretty good at misjudging risk.” [laughs uncontrollably]

Ouch.

From last night’s RTÉ’s Six One and Nine News,

Watch here from 9.20 to 9.45.

Previously: And So It Begins…