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
David Cullinane (Waterford, Sinn Fein)
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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?