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 David CullinaneDavid Cullinane (Waterford, Sinn Fein) | Oireachtas source

Is it fair to say that the vast majority of banks that were operating in this State, certainly the Irish-owned banks, were profitable before the crash? What I am asking is why the Department did not at that point consider nationalising them. What was the rationale for that? Why did the Department not consider it?

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