Nobel Prize winner Robert Schiller says part of the reason for bubbles lies in the optimism that builds up during a period of well-founded growth. Photograph: Pascal Le Segretain/Getty Images

There is a real danger that the Oireachtas inquiry into the banking crisis could achieve the exact opposite to what it is designed to achieve and be m(...)

Chairman of the banking inquiry committee Ciarán Lynch (Lab) says group will work for the Irish people and ‘leave club jerseys at the door’. Photograph: Dara Mac Dónaill/The Irish Times

The banking inquiry is an opportunity to “leave our club jerseys at the committee room door and to do an important job on behalf of the Irish people”,(...)