Kevin Doyle: Inquiry was doomed from the start and will take longer than IBRC was around
There is something a bit Irish about the likelihood that the investigation into 38 transactions by IBRC will take longer than the bank actually spent in existence.
Judge Brian Cregan's 69-page explanation for why the Commission of Investigation has made very little progress since June will not be read by most ordinary people - but it can be summarised in a few sentences.
The probe was doomed before it started. The terms of reference were unclear and ridiculously vast. The judge doesn't have enough power. And all the parties involved are lawyered up to the hilt.