Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

In the ... Vol. 2, on page 131, notes prepared for the visit of the aforementioned Mr. Trichet, it's on page 131, and the briefing, I think that that was for the Taoiseach, it says, "The global financial crisis took hold in August 2007." From my reading of the material, wasn't there an amazing failure to respond between August 2007 and the collapse at the end of September 2008? Were our institutions geared up to meeting this crisis, because you were at the core of so many things, including the NESC, and so-----?

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