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Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022)

Mattie McGrath: ...times. I suppose I will not be forgiven by people. I will not forgive myself, because it was a con job. Reckless behaviour went on, and unfortunately, it is still going on. On the night that NAMA was set up, I said that it was like a wild animal released in the woods. Nobody had any idea where it would end up. I am not saying that I am a prophet, but my God, how right I was, when we...

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022)

Peadar Tóibín: ...answer. So far, I have heard no meaningful expression in the Government about the next steps in terms of accountability. The Taoiseach, interestingly, is also responsible for another investigation that went on for a long time, which is the €1.4 billion sale of NAMA's Project Eagle portfolio to Cerberus in 2014. The original finishing date for that was meant to be 2018. It got...

Irish Bank Resolution Corporation Commission of Investigation Report: Statements (14 Sep 2022)

Cathal Crowe: ...three tribunals over the past decade. I am sure there have been more but the three in question are the IBRC investigation, the Moriarty Tribunal which ran for an incredibly long time and investigation into the NAMA Project Eagle loan book sale. Those three investigations together had a cumulative cost of €80 million. They carried out very important work but the expenditure on...