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Village Idiot July/August 2015

Brian Cowen

“The options were narrowing down the nationalisation plus a guarantee or simply a guarantee of the system itself” – Brian Cowen in evidence to the Banking Inquiry.

He shows no evidence of having digested the evidence of Central Bank governor, Patrick Honohan, that any guarantee “should not have included  subordinated debt nor existing senior-term debt”.

What is the point of Inquiries if the protagonists refuse to learn even the basic lessons?