Oireachtas Joint and Select Committees

Thursday, 23 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Pat RabbittePat Rabbitte (Dublin South West, Labour) | Oireachtas source

I have to truthfully ... I have to honestly say that no, I didn't think that way Deputy. In hindsight I probably should have but it just did not occur to me that in the context of almost 15 years of growth, an economy that wasn't shaken off course for very long by the dotcom bubble, that had bounced back that had a huge deficit in infrastructure and that was now able to access cheap money to build up that infrastructure, it didn't occur to me that it posed a risk to the financial system itself and maybe it should.

Comments

No comments

Log in or join to post a public comment.