Two who predicted crash 'may appear first at banking inquiry'

Morgan Kelly

It is reported that the first witnesses to be called before the banking inquiry this September will be two individuals who had initially predicted the Celtic Tiger property collapse.

At a private meeting of the Oireachtas committee inquiring into the banking crisis held last week, the names of former department of finance official Marie Mackle and the economist Morgan Kelly were suggested.

The Sunday Independent reports the suggestion was made by Independent Senator Sean Barrett.

Meanwhile, the paper reports there are also concerns that the inquiry into the banking collapse is under-capitalised, and that committee members fear legal costs and delays will be far higher than anticipated.

A provisional sum of €200,000 was included in an initial estimate.

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