There is a hell of a difference between being in Govt and being in opposition, (or in the media and as an armchair critic). Also, I couldn't give tuppence for what the F.T writes, fact is they were peeved that Lenihan in acting as he did made it difficult for the U.K to prevent capital outflows to the point that they too had to guarantee deposits, in other words, they followed where Lenihan led. Much easier for the F.T. to knock the Irish man, What else would you expect from the paper that helped thwart the late Tony Ran's attempt to float GPA?
As I said I am not flying a kite for F.F. but I do admire Brian Lenihan, I think he acted quickly, and decisively, and I believe history will judge him well, While many here can engage in the trivial pursuit of having wisdom with hindsight, the man had to act quickly and thank God he did. Would you prefer a banking collapse and everyone's savings gone? I will never forget the words of Professor Ray Kinsella', UCD Graduate School of Finance, on Morning Ireland, during the height of crisis, when asked what should the country do, 'pray' he replied. I really don't believe many posters here understand what Lenihan was thrown into. He kept his head while many around him in the media, and here, were losing theirs.
I also think that if Kenny and Gilmore were in Govt at this time, wise heads like Ruairi Quinn would have led them to 'eventually' see that they would have to do as Lenihan did. That is if Gilmore would have had Quinn in Cabinet.



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