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Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: In terms of the relationship between the commercial return from property advertising at a particular period, such as 2004 to 2008, where in some publications the property supplements might have been bigger than the news section, does Dr. Byrne think that in any way influenced the editorial policy of newspapers?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: I am asking for Dr. Byrne's view, because of her expertise.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Would there have ever been an occasion of which Dr. Byrne is aware - it could be her own newspaper the Sunday Business Post or any newspaper - when a commercial entity cancelled or pulled advertising because of a line of editorial?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: What is Dr. Byrne’s view? She said she has one.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: I do not want her to name names.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Does Mr. McDonald feel the media acted as a cheerleader for the boom?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Yes.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Are journalists aware of the amount of advertising coming in from a particular sector like that?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: In Mr. McDonald’s experience, was there ever an approach from an editor to him or others asking them to be a little more sensitive, could they try this or do that?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Would Mr. McDonald have been aware in his investigative journalism over the years of any entertainment of editorial staff by property companies?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: How did it manifest itself?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: A Champions League final?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Or other such events?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Is there a code of ethics in The Irish Timesfor journalists in terms of their interactions with politicians?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: How would it deal with interaction with the property sector?

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: It had to be a State-sponsored job then.

Committee of Inquiry into the Banking Crisis: Context Phase (12 Mar 2015)

Marc MacSharry: Was Mr. McDonald aware of any collaboration between newspaper publications and the property sector on, say, housing schemes in terms of shared profit or some other such benefit that would be derived directly, other than the payment of the fee for the advertising, as a result of progress in the sales of a development?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: I thank Professor Farrell for being here. The issues highlighted by him had an impact on the crisis, as Deputy Doherty stated at the outset. The Chairman might have a problem with the framing of this question but I will try anyway.

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: At the risk of angering committee members, given Professor Farrell's research and the issues he has highlighted in terms of the weakness of Parliament, is it correct or incorrect to say we live in a dictatorship disguised as a democracy?

Committee of Inquiry into the Banking Crisis: Context Phase (11 Mar 2015)

Marc MacSharry: Are there examples throughout the world? Would it be correct or incorrect to say that parliaments, as things stand, are subservient to the Cabinet of the day?

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