Senator Bacik calls for Debate on Banking, and on the Rights of Families of Homicide Victims
Wednesday, April 21st, 2010Order of Business
Senator Ivana Bacik: There was talk yesterday about the need to debate good news so I will begin by welcoming some good news, the fact that the airlines appear to be returning to normal service today with the announcement that the air space over
I echo the call of Senators Fitzgerald and O’Toole for a debate on banking. This is a very urgent matter and I support the amendment proposed by Senator Fitzgerald. People are volcanic with anger at the revelations that are made daily about excessive payments to bank officials and the cover-ups that occurred. The front page of today’s Irish Independent shows an e-mail sent in May 2008 to senior bankers within Anglo Irish Bank telling them not to disclose a back-to-back loan that had been obtained from a German bank to make Anglo Irish Bank appear more creditworthy than it was. We are now seeing extensive information about what was really taking place, particularly in Anglo Irish Bank and Irish Nationwide Building Society. It requires that we again ask the Government why it passed such a comprehensive bank guarantee scheme in September 2008. The Labour Party was the only party to oppose it and at that time I was the only Independent Senator to oppose it. We were right at the time and we are still right in terms of asking the questions about why that blanket guarantee was given, considering what we know now. We need an urgent debate today on banking in light of these revelations. As Senator Fitzgerald said, there must be serious concern also about the position of public interest directors. A former Fine Gael leader appointed as a public interest director in Anglo Irish Bank now seems to be acting more in the interests of that zombie bank than in the public interest and there are questions about this.
I also ask for a debate on a separate matter, on the rights of families of homicide victims in light of a statement issued during the Easter recess by the association for the truth about the murder of Sophie Toscan du Plantier. That association welcomed the issuing of an arrest warrant in
I welcome some aspects of the Government’s amendment to the Private Members’ motion, the Female Genital Mutilation Bill 2010, proposed by the Labour Party. However, 12 months is a very long time to be waiting for this urgent legislation, given that the first specific Act to ban female genital mutilation was passed in the
