Pearse Doherty (Donegal, Sinn Fein)
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Why make provision under the Criminal Justice (Theft and Fraud Offences) Act which provides for offences with victims on the other side? Where there is recklessness within banking, there may not be a victim at that point. The victim is down the road. This is about preventing the type of activity we had in the past where bankers were lending billions of euro to individuals who were already overstretched. There was a high concentration in certain portfolios. Bankers did that because share value was increasing as were their bonuses. There was an incentive to do that but there was no victim at that point in time.