Tuesday 26 September 2017

Have we missed our last opportunity for banking reform?

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

Rory Gillen

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.

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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