Oireachtas Joint and Select Committees

Wednesday, 29 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

And just finally, Ms Tinney, then, you refer to the relationship between the bankers and developers as a "feeding frenzy". You refer to securitisation as "shark eating its entrails". And you refer to "greed and recklessness" in the banking system. And then you also say, in relation to the bank guarantee, "in effect yield the sovereignty of this country in order to shore up a banking system that is entirely of and for itself and will never change." What do you mean by a" banking system that is entirely of and for itself"?

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