Dáil debates
Thursday, 10 July 2014
Strategic Banking Corporation Bill 2014: Committee and Remaining Stages
2:55 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
We take all of the hit, provide all of the protection and get none of the future benefit. I would hate to see that pattern repeated with a strategic bank. This strategic bank should not be open to being flogged off in part or in whole by the Minister at any stage. For that reason, I have tabled a series of amendments which underline that the bank is a public entity with a different focus, mandate and set of priorities and imperatives from the so-called "pillar banks" which have one motive only and seem far less concerned with the strategic priorities and needs of our economy and citizens. The logic behind the amendments is fairly self evident although I doubt the Minister will accept it. I make the point nonetheless.
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