Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Marc MacSharryMarc MacSharry (Fianna Fail) | Oireachtas source

Finally, can I ask that, in the preamble to the establishment of this inquiry, for which all of us are focused on getting the correct answers in the public interest, in a debate in Dáil Éireann on 25 June 2013, it was said that in seeking to establish, "the truth and to remember the thousands of victims of the axis of collusion between Anglo, Fianna Fáil, and bankers", the Taoiseach commented that he intended to get to the bottom of the situation.

He said also "The banks were agents of the Government and the issue was to keep [its] property bubble booming, keep prices up and keep people getting mortgages they could not pay back for [many] many years." Was there an axis of collusion that led to the difficulties and crisis that this country faced, between Fianna Fáil, Anglo and developers?

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