Lenihan says he didn’t tell Cowen about the €7 billion transfer from Irish Life and Permanent into Anglo Irish Bank so that covers Cowen.
We’re told that officials didn’t tell Lenihan about the relevant sections of the Price Waterhouse Cooper report so that covers Lenihan.
The officials are anonymous and unaccountable so that coves them.
If the pressure becomes too much a token official will be asked to retire with a lotto sized pension and golden handshake.
If that official possesses sensitive information he will be give a massive bribe to keep his mouth shut – just like the €202,000 bribe given to former Financial Regulator, Patrick Neary.
This is exactly how government business is done in a banana republic.