Kenny under fire for ‘mad’ remarks

The Taoiseach is under fire after claiming the economic collapse and the dire state of the economy was a result of “people going mad” during the boom.

Speaking at the World Economic Forum meeting in Davos, Enda Kenny added that greed between people and the banks went out of control — resulting in a spectacular crash.

“What happened in this country, people went mad with borrowing. The extent of personal credit, personal wealth created on credit, was done between people, banks [sic], a system that spawned greed to a point that this went out of control completely with a spectacular crash,” he said.