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Here’s the story: http://www.independent.ie/national-news/revealed-the-whistleblower-behind-crash-warnings-3088276.html

This story is ridiculous. What it states explicitly is that after the start of the debate about soft vs. hard landings at the end of Ireland’s property-bubble scam, a civil servant wanted to have Ministers warn of a possible collapse. However, the use of the word “whistleblower” misleads and it perpetuates one of the great fairy stories of recent Irish history.

A whistleblower reveals information which is vital to the public good. Without wishing to underestimate the courage of the civil servant at the centre of the story, there are two problems with this story and its framing. Firstly, the incidents related are far too late to have had an enormous bearing on avoiding the damage done to Ireland; once the “landing” appeared on the agenda, all that was in doubt was the scale of the damage.

Secondly and more importantly, what is needed is evidence of earlier civil service opposition to the virtually insane policies that created the bubble. Such evidence would tend to exonerate civil servants generally from the suspicion of utter stupidity or shameful lack of integrity. It is at this point that use of “whistleblower” perpetuates the lie.

You see, what happened in Ireland did not involve a secret and seeing it coming did not require expertise in economics. It happened in plain sight and only a complete fool could have failed to notice and failed to realise that it would end very badly. Very few of those in Ireland who are paid to think and speak (The group includes journalists, managers, teachers, politicians etc.) showed themselves competent. It is not credible that so many professionals are so wilfully ignorant or stupid that they were unaware of the approaching mess. It is more likely that they lacked the integrity to speak out again and again in opposition.

Should journalism want to redeem itself, some of its better practitioners would do well to focus on who stayed silent as the bubble was intentionally inflated before everyone’s eyes.

See here:  https://colummccaffery.wordpress.com/2010/11/24/time-for-a-clear-out-who-misled-and-who-remained-silent-as-a-completely-irish-made-fiasco-developed/

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