Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)

By nationalising, the United Left Alliance means that as well as recapitalising banks, we would actually control their policies. It is amazing that Deputy White and others on the Joint Committee on Finance, Public Expenditure and Reform bemoan the fact the banks we have recapitalised will not provide adequate finance to small and medium enterprise or give an adequate break to distressed mortgage holders who cannot make their repayments and are threatened with the loss of their homes but continue to insist we have nationalised the banks. It was my understanding that if we nationalised the banks, we would control them.

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