The untouchable and the untenable
As details of the demise of Irish Nationwide seep out, the picture that emerges is of an organisation that did its utmost to look after the wealthiest and most well connected members of Irish society
One of the many memorable moments in the latest documentary by American filmmaker Michael Moore involves Chris Dodd, a Democrat senator.
Dodd, the chairman of the Senate Banking Committee, is shown berating bankers for their reckless lending in televised Senate hearings.
But Dodd is also named as the beneficiary of a special loan programme that mortgage lender Countrywide offered to influential people. Moore’s movie (Capitalism: A Love Story) paints Dodd as an elitist politician who...
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