A useless inquiry? Obviously!
There was shock this weekend as it emerged that the report of the Banking Inquiry will be rubbish. Well, that's not quite true. There was shock among Inquiry members. The rest of us, including two-year-olds and dogs on the street, aren't raising an eyebrow. Because we've been paying attention.
We paid attention, for example, when we heard this Inquiry into the catastrophe of the century would not be allowed to make any adverse finding against any individual. And we scratched our heads a little and thought: "Well, that sounds a bit pointless."
But we presumed they knew what they were doing, and we decided that they must have a plan.