Fergus Finlay: Housing crisis shows we’re not heeding the lessons of the past

Well, at least we’ve learned lessons from our recent past, thank goodness. And when you learn lessons, there’s less chance of repeating the mistakes we made before. Isn’t that right Taoiseach?

There was a host of reasons for the collapse of the economy in 2008 (11 years ago, in case you think I’m talking ancient history). Buckets of money, wildly extravagant public spending in the run-up to elections, desperately poor regulation of the banking sector.