Oireachtas Joint and Select Committees
Wednesday, 28 January 2015
Committee of Inquiry into the Banking Crisis
Context Phase
Joe Higgins (Dublin West, Socialist Party)
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Professor Kane states on page 3 that "...the distortions that unbridled profit maximisation might cause becomes an additional justification for regulating financial firms". Could he elaborate on the role that the distortion profiteering by financial institutions had in the global financial crisis?