Saturday 21 January 2017

Bertie's hindsight criticism is cheap

Published 05/01/2011 | 05:00

It was Taoiseach Bertie Ahern who, despite commendable achievements in other aspects, sowed the seeds of financial destruction pertaining today.

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Mr Ahern admitted in 2009 that his decision in May 2002 to create the Financial Regulator was one of the main reasons for the collapse of the banking sector and "if I had a chance again I wouldn't do it" (Irish Independent, December 31).

Unfortunately for all of us, it was he who neglected to monitor his creation, a distinct new element of the Central Bank, and allowed it to become a 'monster'.

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