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

Would the light-touch regulation be explained by another theory that has been raised, and I'll put it to you, Mr. O'Reilly, that following the massive deregulation of the international financial industry, starting with the Thatcher-Reagan period in the 80s, and then, according to a witness here, Bill Black, massively intensified by the Clinton regime, that the scale of the financial industry internationally and the scale of profits and interest that was involved, had led governments to wanting a share of this, and didn't want to curb the excessive profits that was going on, in order to gain from it?