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Banks inquiry: how do you prove a nod?

IT would seem that nailing jelly to a wall would be easier than establishing accountability for our banking failure. How do you prove a nod?

What evidence would be required to establish that a wink was made to convey a message or instruction?

How do you establish what conversations took place over a round of drinks?

This is the elephant that any bank inquiry will have to push uphill in the months ahead.

Does anyone in this country doubt that our financial regulator was politically harnessed and made mute?

Does anyone seriously challenge the reality that Fianna Fáil was beholden to builders and developers who, in turn, were blinded by greed?

Is there a person gullible enough to deny that these two realities combined to make our banking and building collapse worse than in any other country of comparable size?

On the face of it, the inquiry into our banking failure should be straightforward, but of course this is being naive.

Ireland has been forced into a period of painful fiscal reckoning by international factors that deny us any real control. The equally significant piece of national reckoning we need to go through is the establishment of political responsibility for our economic depression, something we at least have notional control over.

The tactics to be deployed by the wrongdoers in the coming months will require citizens to undergo a crash course in cynicism.

The obviously guilty will deploy every dirty trick in the book of dirty Irish politics to dodge responsibility. First there will be the smokescreen of carefully planned confusion. “The issues underlying the bank collapse are multi-factorial and international in nature ... the whole lot of us lost the run of ourselves ... the country’s image is being damaged by all this argument”. Then an army of lawyers will descend on us like locusts and savage what is left of our will to find the truth. The question is, have we had enough yet of the endless political abuse we tolerate from the political cretins who routinely fail us, impoverish us and force us into involuntary economic exile?

The rightful subjects of this inquiry are, no doubt, convinced that normal service will resume after a sabotaged investigation. I hope they’re disappointed, for once.

Declan Doyle




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