Mr. Jerry Beades:

Mr. Moran's comments were documented in the RTE programme and well reported. I used the piece in my introduction. Somebody made a decision in the summer of 2014 when the vulture funds were brought in. That was the summer that Allsops and the auctioneers, who were selling disputed properties, had ground to a halt. There were meetings in the Department of Finance. Deputy Pearse Doherty referred to 65 meetings involving the Minister and all these vulture funds yet the Minister met none of the people dealing with housing or evictions. Apparently, this plan was hatched under John Moran. He had previous experience in banking in New York and knew this business model that had travelled from the US to South America and around the world so he was the architect of this plan. The rest is history. The question is whether there were other alternatives. We have heard from Jim Miller's group and how alternative public banking could have got money to allow people to buy back their properties from the mainstream banks so there was a model that was the opposite of it.