Everywhere you look, lightbulbs are coming on.
In Brussels. In the markets. In the Financial Times.
Even in the Green Party HQ.
Isn’t it just as well Gormley didn’t manage to completely rid the country of lightbulbs?
At last it’s beginning to dawn on the party that knows better than everyone else, that it was a monumental disaster to bail out Seán Fitzpatrick’s Anglo scam. They’re beginning to realise that there’s something wrong with pouring all the EU structural funds Ireland ever received into a failed property bank. They’re slowly starting to grasp the fact that we could have allowed Anglo to fail, and let the international gamblers get stuffed. They’re finally getting it clear in their holier-than-thou heads that it was all a lie, and we would not have to stump up €70 billion, despite what Lenihan and Cowen said.
It was all a lie, which Eamon Ryan and John Gormley vigorously defended until it could be defended no more.
We could have allowed Anglo to collapse while still protecting the depositors, and this is where Willie O’Dea’s latest demand to jail the bankers is so misleading. By all means, fling them in a cell. I don’t care if they rot in a dungeon, but it was not the banks’ mismanagement that screwed the country. That honour goes to Lenihan for his insane and unnecessary guarantee.
We committed another €4 billion to a thing that was a bank neither in name nor nature: Irish Nationwide Building Society, and nobody has been able to explain why.
Willie was part of the cabinet that agreed to this lunacy, and if he truly believes what he said about arresting wrongdoers, he should hand himself in to the authorities right now and admit his part in the destruction of his country.
The Greens, meanwhile, might finally have developed some sort of backbone, though that remains to be seen.
Perhaps, in the certain knowledge that they’ll be annihilated come election time, they’ve decided to do one decent, principled thing and shoot the Anglo monster in the head before it devours us all.
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