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

Mr. O'Reilly, when I was ... in relation to that and the follow on and the consequence of that, when I was researching for your appearance today, I wanted to find out that ship of fools referred to and Wikipediatells me that it's an allegory originating with Plato. It depicts a vessel without a pilot, populated by human inhabitants who are, among other things, oblivious and seemingly ignorant of their course. In hindsight, would it be very unfair to say that that was the Central Bank in relation to its control of what was happening in the banks or the regulator?

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