Letters: Even the dogs in the street knew the party couldn’t last
Charismatic figures with the humility of Professor John FitzGerald, the former Economic and Social Research Institute (ESRI) chief, are a rare species in the higher echelons of Irish public life. In acknowledging his errors at the Banking Inquiry, Mr FitzGerald admits: "Looking back, if I'd checked the balance sheets of banks, I would have known. I do feel I made a serious mistake in not looking at the data, it would really have stood out. It will follow me to my grave."
Poor consolation, indeed, for the Irish people in 2008, as their dreams of a utopia, boosted by the advice of those top academics, toppled to the ground like a ton of bricks!
For at least the three previous years, it was obvious to the 'dogs in the street' that the reckless development, ignited by the overflow of bank cash and overseen by a government in a trance, that the party could not last.