Political reasons for banking collapse must be uncovered, says Bruton
Speaking at the Irish Banking Federation European Banking Union conference, Mr Bruton said that the Oireachtas enquiry needed to ask a number of key questions. “What actions should have been taken in 2002 or 2003 to prevent the property bubble? Would this have included a property tax, restricting mortgage tax relief, or banning 100% mortgages or other questionable lending?
“How would that have been received by the employment intensive construction industry? How would measures to slow price increases have been received by recent house purchasers who had bought at high prices?
