Mr. Jerry Beades:

The law needs to be changed. In terms of what law needs to be changed, however, does one need to tear up the ECB? This is all a matter of policy. We do not own our Central Bank anymore; it is actually owned by the ECB. This is what came out in the court case with the governors. It is absolutely astonishing what we found out in that case. How does one go about change? The Irish Governor has no powers even to answer some of the questions the Senator is asking. I am 11 years into this trip with Friends of Banking Ireland, as I describe it, but I am getting further away from getting answers to questions. The model is so broken I just do not know where one would start.