Tuesday 22 May 2018

Bankers look hungrily at the trough again

As politicians find that they can get away with anything, bankers are creating their latest fairytale, writes Gene Kerrigan

Gene Kerrigan

Gene Kerrigan

These days, the fairytales come in threes. Our Fianna Fail friends are currently pointing to Bertie Ahern's claim to have "cleared my name". And we'd be blessed if he allowed us make him President.

Our Fine Gael soulmates point to Denis Naughten's claim that he merely "gave my opinion", and therefore didn't breach ministerial confidence. We're blessed to have such a great minister.

And now, fairytale No 3: a very determined campaign to allow our beloved banking buddies resume their habits of reefing in huge bonuses. We're told that allowing them to create bonuses that will double their pay will be to our benefit. It will incentivise the bankers to work harder, so they can pay back the €20bn of our money that the politicians gave them.

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