Fine Gael need to concentrate on banking sector purge and reform… (and not Seanad abolition because voters know turkeys, including FG ones, don’t vote for Christmas)

If Fine Gael continues to direct its ‘law and order’ agenda in the direction of the financial institutions, as Finance spokesperson, Richard Brution intimated in his address to the Irish Banker’s Federation national conference last Thursday, they will be doing us all some justice.

Bruton said Fine Gael’s reform package could include:

• The breaking up the biggest domestic banks so that they were no longer considered too big to be allowed fail;

• The introduction of clear banking offences with massive penalties;

• Making reckless lending unenforceable in the courts

• Measures to ensure that the taxpayer will in future only underwrite the good elements of banking.

Question:  ‘Why aren’t the Govt. doing this right now?

 

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