Recent comments by David McWilliams on pension losses.
This has all to do with, I wouldn’t say corruption, it’s to do with the extraordinary nod and wink culture in Ireland.
So much of Irish pensions were put into Irish banks by people who were paid by the Irish banks to put the pensions into the Irish banks.
Clients were told the pensions were safe by people who were being paid by the banks to say they were safe.
Yes, it’s called nod and wink in Ireland. Other jurisdictions call it by its name.