Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

Evidence has been provided to this inquiry before, and we have met the authors of reports that were commissioned, which suggests that the global financial crisis only precipitated the crash. The crash was going to happen regardless because of the increased prices in commercial property and housing property and it was only a matter of time before the bubble burst. The drying up of debt brought that on and some suggest that was to the benefit of the Irish State because investors would have continued to invest if that did not happen. Ms Hunt seems to hold the contrary view that the reason for the crash was a global financial credit crunch.