Snippet data - viewing only, no editing possible


Label

Field name

Field value


Sitting_Date

02/14/2018 12:00:00 AM


Sitting_Forum


Snippet Ref No

SnippetRefNo

RR00400

Selected Quill

SnippetType

1

Saved Quill

SnippetType_C4D


Selected Quill

SnippetType_1

1

Speaker Name

IndxSpeakerName

O'Reilly, Louise

Business Category

IndxMainHeadCat

Bills

Sub Category

IndxSubTopic

Central Bank (Amendment) Bill 2018

Topic

IndxQHeadTopic

Second Stage

See Also

SeeAlso


Part1

TitlePart1


Part2

TitlePart2


Part3

TitlePart3


Volume

VolumeNo

965

Book No

BookNo

5

Pdf Ref

PdfPageRef

628

Default Business Index

IndexViewCategoryDefault


3 Part Title Business Index

IndexViewCategoryTitle


Default Topic Index

IndexViewCategoryDefaultSpeaker

Central Bank (Amendment) Bill 2018\Second Stage
Bills\Central Bank (Amendment) Bill 2018\Second Stage

3 Part Topic Index

IndexViewCategoryTitleSpeaker


Motion Code

MotionCode


Motion Title

MotionTitle


Stage

MotionStage


Amendment No

MotionAmendmentNo


Bill Code

BillCode

BPM2

Bill Title

BillTitle

Central Bank (Amendment) Bill 2018

Stage

BillStage

Second Stage [Private Members]

Section

BillSection


Statement Code

StatementCode


Statement Title

StatementTitle


Stage

StatementStage


Hour Indicator

HourIndicator

Not applicable

Procedural Instruction

Procedural_Instruction

No

Debate Adjourned

DebateAdjourned

No

Question Askee

QAskee


Question Asker

QAsker


Question Department

QDept


Question ID

QID


Question Reference

QRef


Question Speaker PID

QSpeakerPID


Question Speaker PID To

QSpeakerPIDTo


Questions Asked

QUESTIONSASKED


Speaker Type

SpeakerType

1

Speaker Name

Senator


Deputy


Minister


Witness


Chairman


ViceChairman


ActingChairmanD


ActingChairmanS


Speaker4Display

Speaker4Display

Deputy Louise O'Reilly

Speaker

Speaker

Deputy Louise O'Reilly

SpeakerPID

SpeakerPID

LouiseOReilly

SpeakerText

SpeakerText

Louise O'Reilly

OriginalUnidSnippet

OriginalUnidSnippet

7C8C24AAEE70AAEC80258234006402BB

LastModifiedSnippet

LastModifiedSnippet

11/16/2018 04:22:46 PM

TopicIndex1stCategoryValues

TopicIndex1stCategoryValues

Snippet Contents:

I join Deputies in commending my colleague, Deputy Doherty, on bringing forward this important Bill. Crime of any sort is a scourge but white-collar crime in particular is incredibly damaging and galling for a large number of reasons. The apathy shone by successive Governments and politicians towards tackling white-collar crime is somewhat breathtaking. A cursory look at the past ten years in the State reveals the remnants of the fallout from the criminal and negligent activities by bankers, watched on, and sometimes even encouraged, by culpable politicians.
What was the response? The bankers acted like they had the Ministers in their pockets. Many continued their web of lies to the Central Bank and to the public. Instead of lies and criminality being punished, the Government at the time decided to socialise the private banking debt racked up by property speculators. They also pushed the lie that we all partied. This was one of the most awful lies uttered at the time. I well remember hearing the phrase quoted back to me by hard-working, low-paid civil and public servants who were disgusted by the remark. It was somehow an effort to declare collective responsibility and link us all to the crime. If everyone was at it, then everyone was equally responsible. Then, of course, nothing can be done.
Rather than holding to account those who lied and operated recklessly, the then Government punished the people. The same has happened with the tracker mortgage crisis. While the Government watched on, up to 33,000 families have had money stolen from them by banks and up to 100 have lost their homes. Countless numbers have suffered hardships and lives have been wrecked because of it. However, no banker will ever be held responsible under the current system.
People are not vindictive. They want truth, justice and some fairness. That is what this Bill is about. It is about tackling white-collar crime and, specifically, putting in place jail sentences for bankers and others who lied to the Central Bank. Individuals should be held responsible for their actions. There is a reckless culture in our banking sector which can and must be reined in.