High price of a weak financial regulator

A banking inquiry by an Oireachtas committee will finally apportion blame for the mother of all recessions. It will be, to use a favoured Shinner term, āa truth recovery processā.
First in the stocks is expected to be Pat Neary, the hapless former head of the Financial Regulator, who had some shocking memory lapses while giving evidence. Now that Sean Fitzpatrick was found not guilty of proffering illegal loans, and his former colleagues, Pat Whelan and Willie McAteer, are not going to jail, the focus can move onto Neary.