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Updated 12.00 pm
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Everyone’s talking about…
In a blaze of indifference, the report of the Banking Inquiry will be published today before it is debated in the Dáil tomorrow.
A number of stories this morning focus on a number of different things we should expect to see. The Irish Times says that it will find that the ECB “explicitly threatened” Ireland in early 2011 not to burn bondholders. RTÉ leads with the recommendation for a commercial property price register.
Not exactly a Bernie Madoff style perp walk result to the inquiry.
Writing in TheJournal.ie this morning, committee member Senator Sean D. Barrett argues that the true value of the Banking Inquiry was in shining a light on how bad Ireland’s ‘system of oversight and scrutiny was and remains’.
He argues that little has changed and that ‘the seeds of the next crisis are already being cultivated’. It’s a sad conclusion to come to and we can only hope that it’s not proven correct.
If the unthinkable does happen again and we repeat the same mistakes again, at least the report will serve as evidence that change was recommended.
Any blame that is thrown around can’t be levelled at the committee members. They were hardworking and professional through many hours of testimony and always seemed appreciative of the difficult task they were given.
Ultimately though, the remit of the inquiry hampered it.
Joe Higgins TD, who was on the inquiry committee but would not sign off on its findings, will presented his own conclusions this morning.
ELECTION 2016
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The agenda
What the others are saying
In case you missed it
Good day for
Michael Lowry. Joan Burton can rule him out all she wants, but all this increased coverage of him from the ‘Dublin-based media’ is manna from heaven for the Tipperary TD.
He was likely to top the poll again and all this focus has done is probably guarantee him an extra few hundred votes.
And who knows what sway he’ll hold after those votes are cast.
Bad day for…
Nigel Dodds. The DUP politician came off all backward looking as he criticised the Taoiseach for expressing an opinion on Brexit.
The Taoiseach was asked about the vote while in London with David Cameron, so he was hardly putting his head above the parapet.
On the Twitter machine…
Padraig MacLochlainnn compares the current Michael Lowry controversy to Fine Gael’s reaction to some of Sinn Fein’s mates.
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