Arthur Morgan: Sinn Féin believes that such is the scale of the banking crisis that nothing short of full public scrutiny is acceptable. The Government’s proposed approach should be rejected in favour of an inquiry conducted by a Joint Oireachtas Committee. Sinn Féin supports the Bill to amend the legislation required to make this kind of Oireachtas inquiry possible.
The inquiry needs to examine and expose in full how the banking sector played a central role in bringing the Irish economy to its knees. It must call to account Government Ministers, top bankers and the so-called regulators who, instead of doing their duty, maintained a cosy relationship with the banks and allowed bad management and fraud to cause this crisis.
Arthur Morgan TD is Sinn Fein Spokesperson on Finance.