Oireachtas Joint and Select Committees
Thursday, 3 September 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Sean Barrett (Independent) | Oireachtas source
Moral hazard is when people are exempted from the consequences of their actions. We had to bail out banks; we don't bail out bicycle shops and dry cleaners. So I'm not very worried what bicycle shops and dry cleaners say to stockbrokers. I'm very worried about what happened in this case, that the dissenting voices, there was an attempt made to, I think, to quell them. And we have to as public representatives inquire, you know, why there was such a herd mentality, as is in the Nyberg report, that led to €64 billion being imposed on the citizens of this country. Do you not think there should have been more free play of ideas?
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