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Colm McCarthy: State must probe why banks failed

We need an inquiry into the banking collapse so that those responsible are held accountable.

Not all bankers are guilty. The revelations over the past couple of weeks about lavish pay and pensions for senior bankers, both current and retired, has given a new lease of life to the sizeable 'Bash the Bankers' movement. Since not every person employed by a bank can be held responsible for the calamity visited on the country by them, it was inevitable that some people should spring to their defence, or at least begin to argue for some modicum of understanding or even forgiveness.

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