Monday 27 February 2017

For €6.5m, you would expect a lot more from this report

Shane Phelan

Shane Phelan

Jean ClaudeTrichet
Jean ClaudeTrichet

The Oireachtas Banking Inquiry report is a deeply unsatisfying account of what occurred before and after the economic crash.

After costing the taxpayer €6.5m - €1.5m more than planned - it was reasonable to expect that some startling revelations would emerge from the 600-plus pages delivered at Leinster House.

Instead, a general public well used to being failed by the banks, regulators and legislators has been short-changed again. What we have been presented with is a report big on pointing out the obvious - and light on providing any new insight.

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