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Their masters voice… it’s our fault. It’s always our fault. April 19, 2011

Posted by WorldbyStorm in Uncategorized.
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I’ve always disliked the trope about ‘colonial’ mindsets, or is it post-colonial? But every once in a while you have to wonder, as with a letter in the Irish Times this week which follows on from this discussion here where the author is unable to understand the nature of executive authority in a democracy (or regulatory agencies… or representation…or…).

As Lorenzo Bini Smaghi points out in his controversial article in the Financial Times, taxpayers in euro zone states are faced with an important dilemma: if they insist on retaining the power to regulate their credit institutions, and they regulate them in a way that facilitates risk, in pursuit of reward, then the failure of regulation must rest with themselves.
In the affairs of nations, as in life, learning from your mistakes is an essential part of not repeating them.

Comments»

1. Paddy M - April 19, 2011

The letter-writer, BTW, is Garreth McDaid, twice unsuccessful Green Party missionary candidate to the ingrate peasantry of Roscommon-Leitrim, and son of Jim “Wrong Way” McDaid.

Always bear the pedigree in mind when examining the mutt.

Paddy M - April 19, 2011

twice unsuccessful Green Party missionary candidate

I tell a lie. Twice unsuccessful at general elections and once at local elections. No wonder he feels that the voters must be made to suffer for their short-sightedness…

Pope Epopt - April 20, 2011

Ah now.

(teehee)

2. WorldbyStorm - April 20, 2011

Gah! I’d missed that Paddy M. Thanks for pointing it out.

Is he still involved with the GP? If so it says something very interesting about the near masochistic brand of politics we saw from some in that quarter over the past four years.

Paddy M - April 20, 2011

Is he still involved with the GP?

He was their general election candidate two months ago so I assume so. He used to post a lot on Crank Central as qtman but disappeared at the time of the last local elections.

If so it says something very interesting about the near masochistic brand of politics we saw from some in that quarter over the past four years.

There’s a certain sort of preachy, holier-than-thou Green, who in an earlier generation would have been in the Confraternity beating the bushes with blackthorn sticks for courting couples in between calling to the house to ask your mother why you hadn’t been at the Novena. We have all sinned, therefore we all must suffer.

3. Chet Carter - April 20, 2011

I await Eoghan Harris’s comments on gold plated pension entitlements with interest.

http://www.independent.ie/business/irish/state-must-pay-millions-if-it-sacks-bank-chiefs-2624465.html


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