Tuesday 12 December 2017

Emmet Oliver: We still don't know why banks were guaranteed

Emmet Oliver

What exactly did AIB and Bank of Ireland executives say that forced the Taoiseach and Brian Lenihan to take the fateful decision?

WATCHING the Department of Finance's most senior civil servant giving evidence yesterday on the origins of the bank guarantee scheme, one phrase kept dancing into my mind -- success has many fathers but failure is an orphan.

After two books, the release of 50 previously classified documents, two tortuous Oireachtas hearings and endless media interrogations, we still don't know who precisely brought the guarantee idea to life.

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