Banking inquiry an unnecessary expense

Seven years after the country suffered the worst banking crisis in Europe, Central Bank Governor Patrick Honohan comes along to tell us tougher rules are required to crack down on irresponsible bankers. 

This news is straight from the horse’s mouth, but it’s coming a bit late.

Bertie Ahern and his Government of the day were blamed for not clamping down on the banks and stop them from dishing out money indiscriminately without investigating security or the client’s ability to pay.