Seanad debates

Thursday, 9 July 2009

Photo of Camillus GlynnCamillus Glynn (Fianna Fail)

I strongly support Senator Cannon's remarks. I m sure that, like me, Members of this House are approached every day by business people complaining about the banks. The banks are not discharging their responsibility. It is a simple as that. We, as parliamentarians, cannot stand idly by and watch this happen. The lifeblood of this country in terms of commercial activity is ebbing away before us and we need to do something about it. If we need to come back into this House and stay until 8.20 a.m., as we did when we were giving the banks a shot in the arm, that is what we will do if we need to reverse what we did. Someone must be accountable, not for what is happening but for what is not happening, which is that the business people who create jobs and give employment are not getting the support of the banking system. It is as simple as that. There is no point in coming in here, hiding our light under a bushel and pretending it is not happening because it is happening. The banks have no regard to their responsibilities, which they are not discharging. If we need to sit on another day, which could be Monday or Sunday, it does not matter. Let us do it and discuss the matter with the Minister for Finance, Deputy Brian Lenihan, to establish what we are going to do about it because something must be done. What is taking place is an absolute disgrace.

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