Paul Hosford: When is a bailout not a bailout?

It is wrong to insult the intelligence of the country by suggesting that a history we are still living did not happen

Taoiseach Micheál Martin tried to split a hair so fine that it could only be seen with a microscope.

When is a bailout not a bailout? 

That is the question being asked this week after the Taoiseach's comment and backtrack on whether Ireland's bank bailout was indeed a bailout.