Bizarre statement by Noonan....seemingly government "powerless" to influence that banks it has bailed out with tax payers money. They have shovelled billions of tax payers money into a pit and yet have no "power" over the banks. The advice seems to be that we should just grin and bear it as the banks screw us over time and again.
Noonan: 'I'm powerless to tackle bankers' pay & perks' - National News - Independent.ie
The government have an overwhelming majority in the Dail and a majority stake in the banks....but have no power?
That doesn't add up. It seems the only power they do have is to pretend things will just get better and in the meantime clock up 3m pension entitlements.
Did you expect anything else? Look at this individuals track record in politics. Its one that would hardly engender confidence to put it mildly. He was exposed before and he is being exposed now as utterly incompetent.