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Why I believe McWilliams and not Lenihan on best way to handle banking crisis

Brian Lenihan's response on Thursday to David McWilliams's powerful condemnation of what Lenihan is doing was petulant and puerile. His first point was a truism: he said there was "broad consensus" that we had to "fix our damaged banking system". Do we need to be told? His second point was even worse: to describe the Government's actions as "bold and radical".

The immediate response, as always to such declarations of government "bravery", is simple: are they that bold and radical, or are these actions, as McWilliams says, a betrayal of the people in favour of the banks? Lenihan's third point was to invite "informed and reasoned contributions to the debate", saying that McWilliam failed on both counts.

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