Banking inquiry report: Joe Higgins: ‘Cabal’ deserved jail, even if 99.9% of actions legal

The ‘cabal’ of senior politicians, bankers, bondholders, and developers in place during the economic crash should have been jailed, despite the fact “99.9%” of what they did was legal, an ousted bank inquiry member has claimed.

Socialist Party leader Joe Higgins drew the damning conclusion in an alternative minority report of the bank inquiry, published before the official document was released.

The Dublin West TD said senior politicians, bankers, bondholders, and developers in charge at the time “should have been facing jail instead of golden pensions”.