Oireachtas Joint and Select Committees

Thursday, 25 June 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

Let me just ask you, many people would say and we related earlier, we had the ECB saying, "You stand behind your banks." What does that mean except that the people have foisted on them the gambling debts of their private financial institutions. So what is that except the bail out of the market by the people. And are they not the same markets, incidentally, that made a bonanza in the bubble, exactly the same, which led famously Rolling Stoneto refer to one of them as a "vampire squid wrapped around the face of humanity [...] jamming its blood funnel into anything that smells of money?"

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