Oireachtas Joint and Select Committees

Wednesday, 28 January 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Professor Edward Kane:

That is right. I am saying that the anxiousness of everybody to avoid blame for mistakes which are inevitable when one is doing seat-of-the-pants decision making means that people glorify what was done, and overstate how it had to be done that way, how brilliant it was that they were there and how lucky we were to have had them in the position. The 12-step programmes always begin with the idea of admitting one has a problem.

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