Given that we haven't yet had a proper enquiry into the banking crisis, I am not surprised that the Taoiseach resorted to blaming "people" at Davos, reinforcing the image of the Irish as feckless and greedy.
Instead, he should have been upfront and honest by singling out sections of the establishment and business "elite" including ministers, public administrators, bankers, developers and foreign lenders as the greedy incompetents who "went mad" and failed the "people". However, this would have probably gone down like a lead balloon with the Davos "elite".
Letter published in the Sunday Business Post on 5th February 2012.
