Dail can change laws for inquiry
Published 21/01/2010 | 07:55
IT is obvious that the public favours a completely open and transparent inquiry into the banking debacle, while at the same time operating in an efficient, cost-effective and timely fashion.
It has been said that the Oireachtas committee-style inquiry, which would appear to fulfil the above criteria, suffers from two major drawbacks: 1) an inability to force witnesses to appear, and 2) an inability to make adverse findings against individuals.
Forgive me if I'm wrong here, but isn't the Dail a legislature, with the power to create or amend laws? Why can't the Government just change the law to overcome these shortcomings? The High Court inspector's report on the DCC insider-trading case has shown us that at the higher echelons the buck stops nowhere. It is time we had a legal framework to allow investigation of, and punishment for, any reckless and/or criminal acts that have us in the position where we are now. It is unjust that our children will be paying for the excesses of a golden circle.