Oireachtas Joint and Select Committees

Wednesday, 11 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Based on Professor FitzGerald's mistake, what was the fundamental issue in a situation where property prices were falling, there was the whole issue of the sub-prime market in the US and those funds were flowing into Irish banks as well? What was the basis for his decision, given he now honestly admits he made a mistake in the 2008 medium-term report?

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