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

Well indeed and the banks will be questioned as well no doubt. Mr. McDonagh, you present us with a table on page ten of your introduction showing €34 billion was lent to 29 individual borrowers. You said 12 individuals of these accounted for €22.2 billion, including three total loans greater than €2 billion, nine total loans between €1 billion and €2 billion. Then on page 11 you said lending on this scale suggests that banks considered property lending a one-way bet. Could I put it to you, if what you have said this morning and what Mr. Daly said this morning ... and these figures, do they or not amount to a damning indictment of what the banks were doing during the bubble period?