Joan Burton (Dublin West, Labour) | Oireachtas source

What was going on was that the construction industry in Ireland had collapsed with the loss of hundreds of thousands of jobs and hundreds of businesses, and losses to the Irish taxpayer in the case of the particular bank which was taken on by IBRC with the purpose of liquidating what was actually a rotting carcass of a bank. That was what was going on, major job losses and the destruction of the construction industry in Ireland, and with it the almost destruction of the economy. That is what was going on.

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