Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

9:00 am

Photo of Catherine ConnollyCatherine Connolly (Galway West, Independent) | Oireachtas source

I am glad I am sitting, as €35 billion went into a speculators' bank, as has been acknowledged. It was there for speculation. We nationalised that bank and we are here in 2017 looking at a process of liquidation of what it became when it metamorphosed. Is that correct? How many people have died on our streets since August? Could any of the gentlemen in suits tell us how many people have died on our streets since August? No. That is okay. Let us go back to value for money in the context of not knowing how many people have died on the streets. The witnesses are aware of the housing crisis.

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