Oireachtas Joint and Select Committees

Thursday, 2 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

Yes, but I know that is your view. I'm just wondering about the corporate view, because we have had evidence that the ESRI, a man called Nervous Nelly by John FitzGerald, used to ring up if he didn't like what was in the reviews. We saw huge chunks of an OECD report being cut out, including the word "boom", which you have actually in your presentation. It's one of your bullet points, you're referring to the housing boom at point 75, the word "boom" was cut out. So, and ... you know, pressures on the ESRI from the Central Bank, pressures on the ESRI from the Department of Finance, pressures on the OECD, well just taking chunks out of the report, including one on bank realisation. I think five points on financial restructuring; two of them taken out. So there seemed to be a culture of not wanting, in the Department of Finance, to face up to what was going on?

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