Oireachtas Joint and Select Committees
Tuesday, 10 March 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Mr. Carswell mentioned that by around 2004 it would have taken a benign dictatorship to reverse the direction in which Anglo was going in terms of the huge growth and profit-taking, and he referred to a juggernaut of support in the markets, which I take it would mean banks, bondholders, developers, etc. On the other side of the equation, where was the voice of the small people at that time, say, the young working people who were seeing the price of a home increase by the equivalent of the average industrial wage each year and who were forced into 40 year mortgages? Was that voice heard anywhere in the markets?
No comments