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Shane Ross Quote

The politicians looked after the mandarins. The mandarins looked after the central bankers and the regulators. (The governor of the Central Bank was paid more in 2008 than the chairman of the US Federal Reserve, as was the chief executive of the Financial Regulator.) The Central Bankers looked after the bankers. The bankers looked after IBEC. And IBEC looked after the government. The circle of oligarchs was watertight.

Shane Ross

The politicians looked after the mandarins. The mandarins looked after the central bankers and the regulators. (The governor of the Central Bank was paid more in 2008 than the chairman of the US Federal Reserve, as was the chief executive of the Financial Regulator.) The Central Bankers looked after the bankers. The bankers looked after IBEC. And IBEC looked after the government. The circle of oligarchs was watertight.

Tags: bank, boom and bust, ireland, politicians

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About Shane Ross

Shane Peter Nathaniel Ross (born 11 July 1949) is an Irish former Independent politician who served as Minister for Transport, Tourism and Sport from May 2016 to June 2020. He was a Teachta Dála (TD) for the Dublin Rathdown constituency from 2016 to 2020, and previously from 2011 to 2016 for the Dublin South constituency. He was a member of Seanad Éireann for the Dublin University from 1981 to 2011, until his election to Dáil Éireann at the 2011 general election.
He is a former business editor of the Sunday Independent. He was a Fine Gael Wicklow County Councillor, and a one-time Fine Gael general election candidate in the Wicklow constituency. In the 31st Dáil he was a member of the Dáil Public Accounts Committee. He co-founded the Independent Alliance with Michael Fitzmaurice in 2015. He was re-elected to the 32nd Dáil, and subsequently appointed by Taoiseach Enda Kenny as Minister for Transport, Tourism and Sport in May 2016.