Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

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

At the time, the shareholding was controlled by three of the top estate agents and one of the top banks. This company was growing and was suddenly put up for sale in 2006. We now know that July 2006 was a watershed in terms of the property market. The Irish Timesbought myhome.ieduring 2006. When Ms Donovan was considering the purchase of myhome.ie, did she reflect on the fact that three of the top estate agents and one of the top banks were the principal shareholders in myhome.ieand that they were selling out at a time when the market clearly was reaching its peak? The Irish Timesbought at the peak of the market.

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