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

Thanks, Chairman. What I said, Chairman, in the ... in my opening remarks ... what I said is that, in my view, the main cause of the disaster that befell our country was the out of control property bubble based ... spurred on by tax incentives and expansion real estate. That was the cause of it and that was the specific thing I put in my statement. Mr. ... Senator MacSharry is putting a different point to me and I am explaining to him why I don't agree with his characterisation of what I said.

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