Bizarre statement by Noonan....seemingly government "powerless" to influence the 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.