Oireachtas Joint and Select Committees
Wednesday, 25 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Matters Relating to the Economy: Discussion with Governor of Central Bank
4:50 pm
Professor Patrick Honohan:
Irish taxpayers in most cases. Even in Bank of Ireland, they are either new investors or people whose bonds were paid off at a very low rate in equity. The old shareholders were wiped. That includes the British banks also in that their shareholders got a terrible hit. Although one may not like the current lot of bankers, it is a mistake to merge history into one particular category. Maybe it would not make any difference.
No comments