Seanad debates

Wednesday, 11 June 2003

10:30 am

Photo of Joe O'TooleJoe O'Toole (Independent)

I second the amendment by Senator Brian Hayes to the Order of Business. We raised the issue of the banks yesterday. It is no accident that they happen to be moving in concert with each other. A cartel is in operation and it smacks of conspiracy. If it is, it is in breach of serious criminal legislation and would constitute a criminal act.

I am not reassured and I am certainly not happy just because a few crumbs were dropped from the table yesterday that this is no longer an issue. We need to make clear that, as public representatives, we do not accept that people can be trodden upon. Someone asked yesterday what I meant by competition and competitiveness. It involves not just first-time buyers, but small businesses and people with overdrafts. A variety of people are affected by this. The most profitable banks in Europe should at least be prepared to give back to the people what has been given to them by the EU. It is excruciating. While it is unimportant to them, it is hugely important to those dependent on them. I formally second the motion.

A new portrait of the President has recently been hung in the entrance hall of Leinster House, which is appropriate. However, this means that her portrait is on the right as one enters, with those of people from the Fianna Fáil wing of Irish politics, while those of people from the Fine Gael side are on the left with that of Robert Emmet, whose portrait is in place for the year to celebrate his bicentennial. It is appalling that there is no portrait of anyone to represent the left side of Irish politics.

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