Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Finally, Mr. McDonagh to yourself, you are a veteran of the National Treasury Management Agency, so you have seen over a long period, if you like, how pitiless the financial markets are in the way they operate, these major banks and what they've done to people. In terms of a sustainable model going into the future, would you see any merit in a publicly-owned banking system devoted to the needs of society rather than the private profits of elites and shareholders?

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