Monday 19 February 2018

Public sector sentries were our defence, and they fell asleep

Eoghan Harris

Eoghan Harris

Last week, as the arrogance of the Anglo bankers astonished the nation, the leaders of the three main parties, Enda Kenny, Eamon Gilmore and Micheal Martin, bumbled, blustered and blurred where the blame belonged.

Let's be clear about where it belonged. To blame the Anglo bankers for being greedy, grasping, deceitful and delinquent is like blaming vultures for feasting on human flesh. Those who handle big money need to be subject to constant scrutiny.

An old Chinese proverb sums up the difference between bankers and regulators with Confucian clarity: "We cannot stop the blackbirds of evil flying over our heads – but we can stop them making a nest in our hair."

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