IT is obvious that the public favours a completely open and transparent inquiry into the banking debacle, while at the same time operating in an efficient, cost-effective and timely fashion.
It has been said that the Oireachtas committee-style inquiry, which would appear to fulfil the above criteria, suffers from two major drawbacks: 1) an inability to force witnesses to appear, and 2) an inability to make adverse findings against individuals.
Forgive me if I'm wrong here, but isn't the Dail a legislature, with the power to create or amend laws? Why can't the Government just change the law to overcome these shortcomings? The High Court inspector's report on the DCC insider-trading case has shown us that at the higher echelons the buck stops nowhere. It is time we had a legal framework to allow investigation of, and punishment for, any reckless and/or criminal acts that have us in the position where we are now. It is unjust that our children will be paying for the excesses of a golden circle.
Unless, of course, the Government has any reason for us not to find out?
“We are where we are,” indeed, but we need to know who put us here, and why, and without expensive barristers obstructing the process on behalf of the vested interests.