Oireachtas Joint and Select Committees

Thursday, 11 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

And, Mr. O'Reilly, as an experienced banker, you saw, as well, the Nordic collapse in the '80s and '90s, for example, and many other banking collapses, as a result of excessive property lending. Was the problem that you were gentleman regulators, really, depending on the banks to observe the ... the Marquis of Queensberry rules, but you weren't dealing with gentleman bankers, you were dealing with street brawlers who were out for maximised profits?

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