Oireachtas Joint and Select Committees

Wednesday, 17 December 2014

Committee of Inquiry into the Banking Crisis

Context Phase

3:30 am

Mr. Peter Nyberg:

As the report indicates, the media reported positively on banks, the real estate market outlook and on everything which had to do with the so-called Irish tiger. The interesting thing there, of course, is that very few people read banking or official annual reports, but everybody reads the media or looks at the TV, and what comes from there, in the view of the commission, has an effect. Which effect, and exactly how is something we did not look into, but we thought that it was worth mentioning. I notice that the committee might wish to look into that, and that is welcome.