We know who is to blame so maybe let's just move on
Published 27/01/2016 | 02:30
Today is a day few thought we would ever see - and it is a day that will live short in the memory. The final report of the Banking Inquiry is going to be a bit like the school report for the parents who hope their child is good at sports because they know they won't be going to college.
Just over 400 hours of testimony have been squeezed into a similar number of pages that will tell us where it all went wrong.
Of course most ordinary people have long figured out where it all went wrong.
All the jargon of 'pro-cyclical fiscal strategy' and 'micro-prudential systemic risk' that you will find in the report can be translated into a few simple paragraphs.
The banks were greedy, the politicians were greedy and dare I say the rest of us were a little greedy too.
The report will talk of a time when people chased 'trophy' homes, developers were valuing sites without ever seeing them and lenders threw all caution to the wind.
Those foreign banks that we were told would bring competition to the market actually caused a race to the bottom and sparked a frenzy of risky lending.
There was a Department of Finance that relied too heavily on external economic forecasting and didn't bother doing the analysis themselves even though they were the ones with the figures.
The regulators were worse than a neutered bullock in a field of heifers.
And the politicians were trying to buy votes.
Depending on which members of the inquiry team you talk to, you will be told that it is a "robust" report or a complete waste of time that keep them hidden away from their constituents for weeks before Christmas.
Ultimately though most voters will see the €5m spent on the inquiry as another few million thrown on top of the Celtic Tiger's corpse.
Voters lashed Fianna Fáil out of it at the ballot box in 2011 and look likely to sentence them to another five years of penance on the Opposition benches in a few weeks' time.
The banks got our money but they lost our trust and we can only hope that the regulators learned their lessons.
Four reports into the crash later we know what happened and we know who to blame. Much of what the Banking Inquiry's report tells us will only confirm our worst fears - so for all our sakes maybe it would be best not to dwell on it for too long.
It's time to finally move on and not mess it up this time.