Oireachtas Joint and Select Committees

Wednesday, 11 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

On page six, and Professor Farrell quoted this himself today as well, he writes: "The main conclusion to draw from all this is that in the period under investigation the Irish parliament performed poorly: it lacked sufficient organizational and structural fire power to provide effective scrutiny; it lacked too the political will to use what powers it did have indicating 'cultural' shortcomings." Could it be that the political will that was lacking and the cultural shortcomings indicate an ideological agreement between a majority in Parliament on the right of bankers and developers to blow up a bubble? Professor Farrell said that Parliament took its eye off the ball. Could it be the case that he is speaking of a different ball from the ball that certain politicians had in mind? That might have determined the outcome.

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