Oireachtas Joint and Select Committees

Wednesday, 10 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

No, but you were in a position as chief economist in the bank. You had a position of status within the bank. You were based on the seventh floor of the bank.

You speak about that, you said on page 3 of the statement, you said:

It is sometimes said that nobody seemed to know whether a property boom or bubble was developing. That, that's completely incorrect in my view.

If I read this statement based on a literal interpretation of the statement, it leads me to believe that you were extremely unhappy with what was happening in the Central Bank. You felt your professional integrity was being questioned. You were there in a position of responsibility. If you felt as strongly as you felt here surely, if you felt as strongly as ... sorry let me rephrase that, if you felt as strongly as what I take from this statement, why did you not resign your position?

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