Oireachtas Joint and Select Committees

Wednesday, 17 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

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

Okay, so, just to conclude then, that last paragraph again, "The Irish Auctioneers and Valuers Institute is totally opposed to any system which individual landowners are deprived of the open market value of the land in the interests of favouring other more disadvantaged members of the community." We know, by common consent, there was massive speculation in building land, which hugely drove up the price of homes, etc., for ordinary people. Who do you think came out best? Who was "favoured most" to use the language there, Mr. Considine, by Government policy - the landowners and those who speculated with land or the more disadvantaged members of the community - during that whole period of the bubble?

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