Inquiry on 2008 economic collapse a farc

The Government has learned little if it goes ahead with a farcical bank inquiry on the 2008 economic collapse. It happened because of State leaders and the offences committed by the banks.

Similar to the tribunals, a State inquiry would cost the innocent taxpayer millions, create a media and legal-eagle festival and, regardless of outcome, there would be no call to justice.

Everybody was out to make a fast buck from the property bonanza. The banks kept lending like there was no tomorrow, in the end not even pressing for security on a loan of €300,000 for a house.