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Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: The Tánaiste made it clear yesterday that the Government has asked the Financial Regulator what further powers he needs. When he comes back and tells us what powers he needs-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: -----the Government will then be in a position to legislate to provide for those powers. The banks have made this necessary.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: As I said before, I am rather apprehensive about Fianna Fáil's rush to legislation on banks and financial services.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: It is very hard-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: I did not interrupt Senator O'Brien. It is outrageous that the banks are not passing on interest rate cuts to their customers.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: Many of us here are mortgage holders-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: -----and we appreciate, personally and on behalf of friends and family, the hardship people are facing.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: We want to do something about it.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: We have made very clear to the banks-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: -----what we will be doing.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: That has been set out very clearly.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: The Government's position-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: The Government's position is set out very clearly. The banks cannot be allowed to get away with this.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: It is hard to take righteous indignation from the other side of the House on this issue-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: -----and it is hard for mortgage holders, who are pressed-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: -----oppressed, not just by-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: Fourteen years of Fianna Fáil government have led us to the state we are in.

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: A Leas-Chathaoirligh, can I-----

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: A Leas-Chathaoirligh, I cannot make a contribution if I am continually interrupted. I also wish to renew calls for a debate with the Minister for Foreign Affairs and Trade. We are doing our best to bring him to the House to speak on a number of issues, but in particular, all of us are very concerned at this morning's news about Gaza and the position of the 14 Irish citizens who were on the...

Seanad: Order of Business (10 Nov 2011)

Ivana Bacik: We do need a debate on Gaza. Different views were expressed in the House yesterday, but the immediate issue is the return of the 14 Irish citizens, who include people from all sorts of different political traditions in this country.