Wednesday 21 March 2018

Cronyism is par for the course

ONE summer day in 2008, Taoiseach Brian Cowen played golf with Sean FitzPatrick, then chairman of Anglo Irish Bank, at the upmarket Druids Glen. Then they dined together.

Nothing unusual about contact of this kind between a top politician and a top banker. And nothing unusual about combining business and pleasure. It happens every day.

But not every day is an ordinary day. There were few ordinary days in that fateful year. The date of the Druids Glen meeting was July 28, 2008, and it was preceded and followed by two dates that will go down in the history of the catastrophe that would overwhelm the banking system and the economy at large.

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