Dáil debates

Tuesday, 1 October 2013

Ceisteanna - Questions (Resumed)

Financial Services Sector

5:25 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent) | Oireachtas source

I also agree with Deputy Kevin Humphreys on the publication of these reviews. What I have witnessed in the past half an hour is sad. This is Dáil Éireann. I invite the Taoiseach to listen and harness the passion and energy of Deputy Richard Boyd Barrett’s ideas. John Perkins, the lead economist in Chas. T. Main consultants from the 1970s to the 1990s, the most powerful consultancy firm to the world’s corporatocracy, wrote about the companies exactly like those described by Deputy Richard Boyd Barrett.

He found it increasingly unconscionable in 30 years to witness the power these consulting corporatocrists - if one likes to call them that - wielded over governments and peoples without responsibility or sufficient transparency. He is correct. The levels of fines imposed by the SEC on these powerful groups are staggering. Last month in JP Morgan there was a fraud of $5 billion to $6 billion in its activities. We should stop this confrontational, adversarial stuff and the polarisation of ideas and welcome conversation such that we are energised when we talk to our creditors in Europe such as Mr. Mario Draghi and Mr. Wolfgang Schäuble who wrote a disgraceful op. ed. in the Financial Timesten days ago-----

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