Sam Smyth: Banks duped us all, but the department was biggest fool
Published 23/07/2010 | 05:00
THE banks made mugs out of us all. But they really did make fools of the Government and left the Department of Finance looking ridiculous and inept.
Hearing the department's most senior official explain yesterday what they did during the banking crisis 22 months ago, revealed just how ignorant they were about their business and our money.
In the end, it begged a question: was the Department of Finance fit for purpose back in September 2008?