..not if the sheep-like electorate keep voting in the same old faces.This country gets the government it deserves.
daithi
I don't think the enquiry will tell us anything we don't already know.
This sounds like an excellent idea! If this were to happen, at least the country would have good news for a change, and something to cheer people up.possible maybe even clear an area in St Stephen's Green opposite Anglo to bring back hanging...maybe even a bit of drawing and quartering too. We could all bring pitchforks and torches.
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Then we're told of the UK's and US's (ongoing) banking enquiries, in public. Just one small problem, what actually came form the UK enquiry? Anything? Any prosecutions? Any lessons? Nope. And I heard Newstalk justifying this lack of outcome from this process by saying that at least the public got to see the bankers squirm.
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We are only talking about setting up an inquiry now.... This is what the UK got out of theirs already
The origins of the banking crisis were many and varied, including low real interest rates, a search for yield, apparent excess liquidity and a misplaced faith in financial innovation. These ingredients combined to create an environment rich in overconfidence, over-optimism and the stifling of contrary opinions. Notwithstanding this febrile environment, some of the banks have been the principal authors of their own demise. The culture within parts of British banking has increasingly been one of risk taking leading to the meltdown that we have witnessed. Bankers have made an astonishing mess of the financial system. However, this was a failure not only within individual banks but also of the supervisory system designed to protect the public from systemic risk.
...
By quoting the Murphy Report as an example of an enquiry where secrecy benefitted the outcome, Mr. Gormley is being especially misleading. The Murphy Enquiry had to be held in private to protect the victims of abuse. As Shane Ross stated, the victims in this case are you and me - the taxpayers, customers of the banks and members of the public. Wr don't need protection! We need answers!
Why don't we make predicitions on the outcome of the enquiry and make bets on how long it will take?
I don't think the enquiry will tell us anything we don't already know.
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