Wednesday 7 December 2016

Little people brace for yet another hit as banks off hook

Shane Ross

Published 22/11/2015 | 02:30

No role to play: Finance Minister Michael Noonan says it is not for him to monitor what
is happening on the bank floor; inset, how Shane Ross’s column from August 2014 warned
shareholders of the imminent collapse of AIB shares
No role to play: Finance Minister Michael Noonan says it is not for him to monitor what is happening on the bank floor; inset, how Shane Ross’s column from August 2014 warned shareholders of the imminent collapse of AIB shares

Remember the Banking Inquiry? The big game changer that was set to sort out Irish bankers once and for all. It was destined to uproot the diseased banking culture. Ireland's little people would never again be bullied. A general election was even postponed to accommodate it.

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Last week, the first draft of the doomed Banking Inquiry report landed. TDs on the Banking Inquiry Committee anticipated dynamite. They were deeply disappointed to discover the tortuously tepid tome that was presented to them for approval. Silent outrage bubbled beneath the surface in Leinster House all week.

One Inquiry insider told me that the draft report was " bulls**t", another that it "has been castrated". He was wrong, the Inquiry was born a eunuch.

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