Viewpoint: We need the facts about TLT collapse
It struck me during the week that there are ominous similarities between the TLT receivership and the bank bailout that the country endured five years ago.
Back then, all the principal characters were wheeled out to tell us that everything was fine and that we should just trust those in charge to do the right thing.
We now know how that panned out for the public purse.
Even though the Garavellis' business went into receivership nearly two weeks ago, we still have no confirmation of the actual amounts or entities involved.
Who does this information vacuum serve?
It is right that no mart is singled out since this could create an unjustified run on the mart involved.
But as time drags on, speculation is rife and the rumour mill is in full flight, with some equally dangerous and misleading information.
An example is the response we got when we first heard the news of TLT going into receivership. We were assured that TLT's receivership was "only a temporary thing" and that they would be back in business within two weeks.