Fixing the Government is now more important than fixing our banks
Regulator shoulders some blame but passes the buck in report
READING the recent reports from the Financial Regulator and the Central Bank, it strikes one that they would never have made it as bus conductors, in the days when buses had conductors.
The author Sam McCaughtry told the story of a bus-conducting uncle who was fired when the driver of his bus rammed it into a low bridge; on the grounds that the conductor is responsible for the safety of the bus.
When he queried whether this applied even when some fool of a driver was going under a low bridge, he was told: "Especially when he's going under a low bridge". The distinction between power and responsibility has rarely been better put.