Central Bank found napping on the job
The thing about misery is that there is too much of it for everybody, unlike money which is finite and carefully protected. It is deemed so precious that we employ watchdogs to keep an eye on it. But what happens when they fail to bark or, even worse, bite when they get a warning?
Things can get very bad indeed. People can be thrown out of their homes through no fault of their own.
We know that it was Permanent TSB that "deeply regrettably" overcharged people and was responsible for wrongdoing, and as a consequence the roof was unjustly taken from over people's heads.