Sunday Independent Stupid Statement of the Week June 30, 2013Posted by Garibaldy in Sunday Independent Stupid Statement of the Week.
First up, Eilis O’Hanlon with a lesson in feminism for us all.
Fat is a feminist issue, went the famous slogan. Now apparently failure is too, as Julia Gillard is recast as a martyr to the cause after being ousted as prime minister of Australia. Where was the sisterhood when the same thing happened to Margaret Thatcher? On the sidelines, cheering, as she packed her bags, I seem to recall. All female leaders are equal, but, in feminist eyes, some are clearly more equal than others.
Eoghan Harris has decided now is the time to reveal who was to blame over the Anglo-Irish Bank debacle.
Let’s be clear about where it belonged. To blame the Anglo bankers for being greedy, grasping, deceitful and delinquent is like blaming vultures for feasting on human flesh. Those who handle big money need to be subject to constant scrutiny.
An old Chinese proverb sums up the difference between bankers and regulators with Confucian clarity: “We cannot stop the blackbirds of evil flying over our heads – but we can stop them making a nest in our hair.”
Breaking up the Anglo nests was the duty of the three sentries charged with standing guard on behalf of the State: the Financial Regulator, the Department of Finance and the Central Bank. Paul Drury in the Mail put his finger on a fundamental truth: that this first line of defence was defective.
Yep, the public sector.
Amazingly, that’s not the clear winner this week. Instead, we have the following, outstanding for its crassness and revealing a great deal about a certain type of mindset.
As National Indignation Week draws to a close following the Anglo Tapes revelations in the Irish Independent, it is time for a little perspective. Banks in their death throes worry only about liquidity and their time horizon foreshortens. Colourful language and nervous jocularity are not surprising. Nor is the complete absence of any alertness to the broader picture. The bad singing was the only real shock. Anglo Irish was a cooked goose in mid-September 2008 and the managers captured on tape must have known this in their bones.
Colm McCarthy. I’m so glad that the state turned to him in its hour of need. Not that there’s any such thing as a ruling class or establishment solidarity.