Monday June 1, 2020

Banking inquiry week 9: Avoiding the meat of the matter?

In a memorable interview with RTE’s Prime Time in April 2009, Peter Bacon was in no mood to justify the ethical rationale for why Nama was necessary.

8th March, 2015
Elaine Byrne

“I’m an economist, not a moralist, so let’s deal with the economic issues,” he told Mark Little in no uncertain terms.

Bacon was in a similar mood at the banking inquiry last Wednesday. He gave short shrift to questions about governance within the policy process. These concerns were outside his responsibility as an economic consultant, he maintained.

Bacon authored three reports for the government on the housing market in...

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