Oireachtas Joint and Select Committees

Thursday, 28 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Well, you call it diversification. Could it also be called a disaster, that the Irish taxpayer had to bail out people who had no transactions within the jurisdiction, that it was no benefit at all if people borrowed from banks, which then became insolvent, to engage in property transactions in other countries? Should that not have been a concern?

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