Professor Gregory Connor:

It is very easy, especially in this Chamber, to talk about punishing the bankers because the only bankers left, except for Bank of Ireland, are the taxpayers. There is no one left to punish. All the shareholders have walked away with zero cash. There is nothing left under limited liability. The shareholders cannot be punished any more than being left with zero cash. As for the bank managers, it is true. It might be through the criminal system and not part of the committee's investigation.