When the recession is finally over, and we have a new Government in power, I believe we should have an organisation established to investigate the economic mismanagement and lax regulation that led to the shambles we have now.
Such an organisation can hold public hearings, and would be empowered to compel people like Brian Cowen, the Head of the Central Bank, and the Financial Regulator and their staff and officers to appear and answer questions.
This would not be an expensive tribunal - (nobody gets barristers like the current tribunals). Indeed it will be self-financing.
The Economic Mismanagement Redress Board would issue its findings and judgements, and if any person is found to have been guilty, negligent or irresponsible, then the penalty is that their pensions and entitelments would be withdrawn and they would be given just the basic state pension. They would also be required to pay back the salaries they earned while in their positions, and if unable to do so, their assets would be required to be handed over to the state. Obviously nobody wants to see them homeless so local authority housing would be provided.
The Redress board would fund itself from the repaid funds, and the surplus would be used to pay off the National Debt.
What do you think ?



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