Tuesday 6 December 2016

Have we missed our last opportunity for banking reform?

Rory Gillen

Published 26/07/2015 | 02:30

We are not the first country that did not understand money and risk — and as a consequence, suffered a financial crisis
We are not the first country that did not understand money and risk — and as a consequence, suffered a financial crisis

How very refreshing to see Toshiba executives resigning en masse last week when found to have cooked the books in one of Japan's legendary companies.

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No one should accuse the Irish politicians and bankers who presided over the nation's fiscal and banking bust of dishonesty - but what a tonic it would be to hear them admit what we all know: that they were incompetent.

We are not the first country that did not understand money and risk - and as a consequence, suffered a financial crisis. In fact, history is littered with examples.

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