Dearbhail McDonald: Scandalous laws crafted to prevent white-collar convictions
Published 02/10/2010 | 05:00
HARD-pressed taxpayers, absorbing the horror that the folly of banks, developers and politicians could leave them nursing a potential €50bn bill, can be expected to be cynical about the decision of the Commission of Investigation into the Banking Sector not to identify anyone in its interim or final reports.
But is it a ploy to protect those in high places? Or is it the price that we must pay to have a full and speedy 'lessons learnt' account of the cause of the banking crisis so that we never make the same mistakes again?
The public, understandably, is gunning for accountability and we look with envy to America where those found guilty of corporate wrongdoing face criminal sanctions for committing white-collar crime.