Monday 20 November 2017

Why was McAleese silent in hour of need?

Like a flailing Don Quixote, President Mary McAleese belatedly refers the Credit Institutions (Stabilisation) Act to the Council of State.

But one is prompted to ask, why did the President feel it necessary to act on this occasion, and why did she not similarly respond over the last two years?

For instance, in September 2008, when Sancho Cowen and his Fianna Fail colleagues rushed through the blanket bank guarantee which welded the unquantified private banking debt to the sovereign, and thus on to the taxpayers' shoulders.

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