Who does Irelands befuddled Prime Minister Brian Cowen think hes kidding? In the same day as two seminal reports into Irelands banking crisis emerged -- a catastrophic event of historic proportions that has brought this small, open economy to its knees -- Cowen does what he's always done: He avoids any responsibility and tries to pass the buck.

The Sources of Irelands Banking Crisis by economic consultants Klaus Regling and Max Watson and The Irish Banking Crisis: Regulatory and Financial Stability Policy 2003-2008 by Central...