Seanad debates

Thursday, 10 November 2011

11:00 am

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael)

Allow me to speak. I know how annoyed and disappointed the Taoiseach is with the arrogance of the banks. I wish to ask a few questions. Can we give the financial regulator extra powers to force the banks? Can we use our shareholdings in the banks under our remit to force the interest rate cut through? People telephoned me this morning and last night to say they will protest against these cuts by cancelling their direct debits and setting up standing orders to pay for the lesser amount. That is what we are talking about here. That is how horrendous this is and I will not stand for it. I want to see all of us work together to ensure all the banks pass on this interest rate cut-----

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