Secret Banking Inquiry? Shows how obedient we are that they even propose it.

So, Fianna Fáil wants to hold the Bank Inquiry in secret?
Of course they do. Not for any decent reason (to get more evidence)
but the usual formula;

• to control what is made available to the public
• as an excuse not to answer questions ("that's under review by the inquiry, I wouldn't like to prejudice that process")
• and when the whitewash is done, to point at the conclusions that there were systemic faults but no personal blame can be attached to anyone, unless they've already been laid low enough to be used as sacrificial lambs.
  

And the Irish public will probably let them do it too.

Never mind that the 'Financial Regulator' didn't do his job -

• he carried out less than 25% of the checks he should have
• he didn't check that the banks were being prudent (and before being regulator, he worked in the prudence section of the Central Bank)

He got a lovely big payoff when he retired, rather than being fired for incompetence and lack of productivity. Was it hush money?
Obviously the Minister for Finance and the Government allowed this situation to go on, because in the short term it created jobs, and grasping politicians always think in the short term. Let the next govt deal with the burst bubble, and we'll blame it on 'external factors'.
We know it wasn't just external factors.