We're all at fault, so no-one's to blame, apparently
Nyberg's suggestion that 'group thought' got us into this mess appeals to our Catholic compliance, writes Carol Hunt
Lemmings. We were all unthinking, group-led lemmings, according to the report issued by Peter Nyberg last week at a cost of €1.3m to the tax-payer. How sad. How convenient. How utterly useless.
Nowhere are the names of the leader lemmings mentioned. As a part of a wider 'group mentality', the individuals are irrelevant, seemingly. Which may be why so many of them retain the same positions at more or less the same wages, with the same mindset -- resistance to change -- but with the appropriate remuneration (the payment to two senior Bank of Ireland executives of bonuses of nearly €1m, anyone?), pensions and pay-offs. Because in the long run they were irrelevant. Victims too, perhaps? Despite the fact that they don't seem to be suffering materially in any significant way. Because it was all just down to 'group think': ie, we were all to blame, so in effect no one is to blame.
While reading the conclusions of the Nyberg report, I had a bad thought. A thought that wouldn't have been allowed under the last regime. And it was this: are Brian Lenihan and Finnish banking expert Peter Nyberg related? Because the similarity in their thinking is . . . well, it would certainly suggest affinity, if not down-right 'group thought', because what Nyberg 'revealed' to us last week is what our ex-finance minister has been painstakingly trying to get into our thick skulls since 2008: the 'we all partied' theory.