Oireachtas Joint and Select Committees
Thursday, 14 May 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Joe Higgins (Dublin West, Socialist Party) | Oireachtas source
Are you aware, Mr. Dobey, that there is a view, another view, that auditors failed to alert the system to serious risks that some people felt they should have seen because of your close insight into the banks? And that that alleged failure was all the more dramatic because it cost the Irish people €64 billion, seven years of austerity, and was caused by a bubble that gave rise to unprecedented levels of lending, spending, profits in property and in speculation, etc.? There is a view that you should have seen that and you should have waved a very, very big flag years before the crash.
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