Meave Dineen: Failure to prosecute wrong-doers worse than banking bust
FOREIGNERS looking at our banking crisis are often more spooked by our failure to prosecute and imprison wrong-doers than the crisis itself.
Property busts are common and banking busts usually follow. Even well-run parts of the world such as Sweden have suffered terrible banking problems within the past two decades. What is unusual and almost unique in western Europe is the Irish State's failure to hold anybody accountable for the ensuing crisis.
It is this failure which has often led to the charge of crony capitalism.