I was just reading some of the edbate (classy as it always is on P.ie) when something struck me. It would be virtually impossible for there to be a bank inquiry and for Cowen not to be to blame.
While others would also be cited, the very best thing which could be said about Brian Cowen when he was minister for finance is that he was grossly incompetent. Nobody anywhere could argue that Cowen was a good minister for finance at any level and this includes his handling of the banks. Now while the banks were to blame, while regulation was poor, developer greed rampant and many buyers were ignorant of basic economics, none of those people are the democratically elected leader of the country.
If there is a public inquiry, Cowen's job will be untenable.