The great deception must end

By moving Nama liabilities off the nation’s balance sheet, the government mandarins think they are being clever - but, in reality, nobody has been fooled by their shoddy tricks

31st October, 2009

Over the past few days, we have been exposed to the thinking of the Department of Finance. It is quite a scary world, but one worth delving into. This crisis has exposed - no matter who is the sitting Minister for Finance - the strange and convoluted logic of the mandarins, the permanent government, who run the country. In truth, any sitting minister has only a four-year lease on power; the ‘mandarins of Merrion Street’...

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