Oireachtas Joint and Select Committees

Wednesday, 28 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

On page 7 of the professor's original submission it reads, "We did not see much prompt corrective action for Too Big To Fail institutions". He did not say whether that was deliberate on the part of governments to not take corrective action. Was it deliberate that they did not do so? Was it because they were lost and did not know what was doing on? Was it, as the professor said, because bankers were largely treated like what he called high priests?

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