In defence of David McWilliams
By now, we have become used to the procession of witnesses at the banking inquiry who seek to pass the blame on to someone else. This is not the fault of the inquiry, but it reveals much about the political and financial leadership that drove the eco
The decision to offer a blanket guarantee to Ireland’s banks in September 2008, currently being investigated by the Oireachtas banking inquiry, was the responsibility of the government of the day. Yes, they may have had little option but to implement some sort of a guarantee on the night (though they are partially culpable for that too). Yes, they may have been misled about the true position of the banks. But they had a ...
