Thursday 19 July 2018

Destroyed lives are the real legacy of Anglo

THE truth is said to make for the best camouflage, because nobody ever quite seems to believe it. So much of what transpired between the walls of Anglo Irish Bank in the run-up to the crash barely seems credible, even after the longest criminal trial in our history. The facts have now been established, and yet the air of disbelief that such things could ever really have happened is still palpable.

Former executives John Bowe and Willie McAteer, and the former chief executive of Irish Life and Permanent, Denis Casey, were found guilty of agreeing a scheme to mislead the public about the true health of the failing bank. But there is no sense of finality.

The legal system may have extracted a downpayment from justice on the enormous wrongs done during and after the crash in the financial world, but so many others who were intimately involved in wrongdoing on a breathtaking scale have escaped the arms of the law, and there are few who imagine any real possibility of closure.

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