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Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: Mr. Browne referred in his introduction to a development in the United States in the late 1990s which others have called total newspapering and described this as an effort to break down traditional barriers between editorial and commercial considerations, referring to an Underwood study and then to market-led journalism. What are the implications of this process for, for example, how the...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: The role of the banking inquiry is, among other things, to examine cultural and other factors and practices that were evident pre the crisis and that led to the crisis. In Mr. Browne's experience and based on his academic studies, does the media bear no responsibility or some level of responsibility for the development of the bubble and the subsequent damage done?

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: I thank Mr. Browne.

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: Mr. Vaughan has discussed why his newspaper or maybe other newspapers were not more aware of the dangers in the blowing up of the bubble. He says on page 4, "Advertising in the property section was an important and valued source of revenue during the Celtic tiger years ... but it is important to stress that [it] did not seek to influence the editorial policy of the newspaper". That is Mr....

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: In one of the studies, which has been relied on for contributions here, entitled From boom to bust, which was produced by respected academics in Dublin City University, Fahy, O'Brien and Poti, the authors did quite a study with financial journalists and one financial journalist noted that:Much of the mainstream media seems to me to be very conflicted because of their reliance on real-estate...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: On page 2 of his presentation, Mr. Vaughan says, "We had little or no reason to believe that key figures in our financial regulatory infrastructure were not [doing the work they were required to do and not] functioning as they should" What was manifest during the inflation of the bubble was rampant speculation in building land and the fact that the price of an ordinary home increased every...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: Does Mr. Vaughan think it would have been useful to take the then average price of an average new home in Dublin of €375,000, which perhaps would have been a little bit cheaper in Cork and areas outside Dublin, and break it down to the component costs of bricks and mortar, labour and pure profit and speculation? Would that have been a good project for the media to undertake in respect...

Committee of Inquiry into the Banking Crisis: Context Phase (25 Mar 2015)

Joe Higgins: Does Mr. Murphy agree that there should have been that type of investigation? Perhaps, Mr. Murphy could not have known about the credit manoeuvring going on inside the banks, but the rampant level of speculation was known to all. Does he think it would have been appropriate for the media to go on a much more offensive investigation?

Ceisteanna - Questions (Resumed): International Summits (24 Mar 2015)

Joe Higgins: 5. To ask the Taoiseach if he will report on the Asia-Europe meeting, in Milan, Italy, in October 2014. [44903/14]

Ceisteanna - Questions (Resumed): International Summits (24 Mar 2015)

Joe Higgins: 6. To ask the Taoiseach if he will report on meetings he had with other Heads of State and Government during the recent Asia-Europe meeting summit. [44904/14]

Ceisteanna - Questions (Resumed): Cabinet Committee Meetings (24 Mar 2015)

Joe Higgins: 3. To ask the Taoiseach when a meeting of the Cabinet committee on social policy was last held. [3363/15]

Written Answers — Department of Education and Skills: Scoileanna Gaeltachta (24 Mar 2015)

Joe Higgins: 822. To ask the Minister for Education and Skills maidir le Scoil Naomh Eoin Baiste, Lios Póil, Contae Chiarraí, an dtabharfaidh sí dearbhú nach gcaillfear an ceathrú múinteoir ón scoil, ó tharla go raibh 80 dalta cláraithe don scoilbhliain 2014-15 - sin triúr níos lú ná an uimhir choinneála do cheathrar - ag...

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

Joe Higgins: Following on from that very point, is an explanation that the very most of what was done in building up the bubble, the huge profits made, speculation etc, was all in fact quite legal?

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

Joe Higgins: Yes.

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

Joe Higgins: Is the problem the fact we live in a capitalist society that allows private interests, banks and develops to make massive profits on the backs of people buying homes? Is that the source of many of the problems rather than direct corruption?

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

Joe Higgins: Let us explore more about why or why not people in power might be partial to substantial business interests. In her written submission, Dr. Byrne referred to a culture of deference between State authorities, political parties and elected representatives. She stated: “This culture of deference operated in a context where political parties and individual politicians were especially...

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

Joe Higgins: Nevertheless, a bank advanced very substantial amounts of money to a former leader of the country to gamble on speculative shares. The Government that person led had actually rescued Allied Irish Banks from its significant loss in respect of the Insurance Corporation of Ireland.

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

Joe Higgins: Yes. Does it or does it not back up the culture of deference between politicians, banks, etc?

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

Joe Higgins: Is it not unlikely that the plumber down the road would be treated in a similar way to both former leaders by the banks?

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

Joe Higgins: Dr. Byrne stated that from 1997 to 2007 Fianna Fáil received 35% of its income from property and construction interests. The Progressive Democrats received 34%. Dr. Byrne has stated it appears "the property barons of the 1990s and 2000s replaced the beef barons of the 1980s." Was the financing of political parties at the time wider than this? Is Dr. Byrne aware that in the 1990s...

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