State banking inquiry
Senator Conway seeks a High Court-led inquiry into reckless banking, contrasting past financial excess with families facing mortgage repossession.
I too, like the vast majority of people, was horrified and disgusted with what I saw on the television programme "Inside Irish Nationwide" last night. It is a good reminder for people everywhere as to what went on in this country-----
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------for the past ten to 15 years. It is also a good reminder of the mess we must clean up as a society, and of the over-indulgence and appalling waste of a valuable commodity, namely, money. I ask the Leader to again request a banking inquiry in the State. It is appalling to think that no banker in this State has gone to prison yet for what has happened in terms of the reckless behaviour that has taken place with the valuable commodity of money. It is also appalling on the other hand to see ordinary householders being hounded by banks-----
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-----and threatened with eviction and repossession. On the one hand, there was an exuberant element in society that spent money like it was going out of fashion on champagne, wine and the addition of a million here or there to a sale. On the other hand, families are being run out of their homes because they are €15,000 or €20,000 in arrears. We must get real as a society. Everyone who has a role to play should push for a State banking inquiry headed by a High Court judge. The truth must come out. I commend the journalists who worked tirelessly to expose the rot that took place in this country in the past 20 years.