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

Mr. Des Carville:

Some of the banks were nationalised. For the Irish banks, if I can use that expression, although it is an expression I am somewhat uncomfortable with that because they are owned by shareholders, many of whom are outside the State, a policy choice was made to invest in those banks-----