Oireachtas Joint and Select Committees
Wednesday, 18 February 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
To try to pin down what happened before the property bubble, Mr. Buti mentioned the market got out of hand and also stated that, in retrospect, it was a bubble. Given everything other members have put forward in their questioning on the rise in house prices, the concentration of lending and everything that happened in the economy in the lead up to 2007, was the Commission at any time of the view there was a bubble in the Irish economy? If so, did it outline this to the authorities? If so, how did it do so?
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