Oireachtas Joint and Select Committees

Tuesday, 16 October 2012

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Scrutiny of EU Legislative Proposals: COM (2011) 778 and COM (2011) 779

2:45 pm

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

I appreciate that and I understand what Mr. Houlihan has said, that legally, under the current framework, nobody can point to the fact, in a court of law, that these auditors were wrong. However, outside of the law, we know that they gave banks a clean bill of health for a year and six months later those banks were under a banking guarantee.

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