Sinn Fein policy for government…

Interesting statement from the leader of Sinn Fein in Dail Eireann, Caoimhgh

  • peteb

    Caoimhgh

  • Keith M

    You might well call it “flip flop” pete but I would say that it is SF finally waking up and smelling the coffee. SF know that their higher profile following their results in June is going to put a much higher focus on their policies in the next election. (The 2002 manifesto was a testament in lefie wishy washyness). This will mean that nonsense like nationalising the banks will be dropped. Of course the more they desert their loony left position, the more they are simply going to lok like a greener (as in nationalistic) version of Labour.

  • The Renegade

    Don’t be so foolish- it isn’t a flip flop. Lest you forget, given Provisional Sinn Fein’s two-faced abilities, the varying policies have simply been expressed by different faces of the one Sinn Fein propaganda machine.

  • peteb

    In this case, ‘Renegade’, it’s the same face – hence the flip-flop.

    Lest you forget, prior to the previous Irish general election the ‘two-faces’ approach saw Gerry Adams denying that SF intended to raise taxes, followed by Caoimhgh

  • The Renegade

    Ah ha- but you’re forgetting that every SF representative has an inbuilt mandate to have two faces and two different policies (eg opposition to punishment beatings/ condemning reports highlighting punishment beatings on kids).

    So by definition,

  • Liam

    the enormous profits generated by the banks could unquestionably be better used for the benefit of the country.

    I agree entirely.

    Does anybody really disagree with that?

  • Keith M

    Yes Liam I disagree with that. The profits of the banks go to its shareholders many of whom are pension trusts which are made up of every Irish man and woman contributing to a persion.

    I don’t see a better way of using the profits made by the banks (or any public company for hat matter) to benefit everyone. Let’s not forget that the banks also pay tax on their profits.

    If there is a perceived problem with the level of profit made by the banks, then further degregulation and competition may be required but as the banking sector is a conerstone of the economy one has to thread carefully.

    If SF/IRA believe in nationalising the banks or if they believe in capping their profits they should come out and say it. Vague nonsense like this means nothing.

  • carlosblancos

    I agree entirely with Keith M. Another point worth considering is that, if banks were state owned, inefficiencies and the dis-incentive effect would mean a drastic reduction in profits earned anyway.

    Another emample of why we’ve nothing to worry about SF ever doing anything effective when they’re in government in the south.

  • Henry94

    carlosblancos

    You are saying nationalising the banks would not be effective but by not doing it SF would be showing they can’t do anything effective??

    Which is it?

  • alex s

    I have been told by a retired Bank Manager that in the case of our beloved Northern Bank, a million quid (

  • alex s

    I have been told by a retired Bank Manager that in the case of our beloved Northern Bank, a million quid (

  • Fraggle

    anyone who is bothered about stuff like this can go join a credit union or building society.

  • Henry94

    When AIB looked like going to the wall over a foolish investment in ICI some years back the Irish taxpayer bailed them out. AIB for its part wrote of a million pound debt for Charlie Haughey.

    Bank of Ireland wrote of a debt for Garret Fitzgerald.
    So their is an existing relationship between the banks and the state. That relationship has thus far worked in the banks favour and at the expense of the taxpayer.

    Irish banks are the most profitable, that is they earn the most profits per customer, of any banks in Europe.

    Between the extremists who believe the state should run the baks and the extremists who believe the banks should be allowed do what they like there are a range of policy mixes available.

    Sinn Fein should continue to develop its view on where the national interest lies on the banking question. A big problem in terms of competition is the difficulties people face when moving a morgage. That can be solved by regulation.

    The Dublin government has failed to address the misselling of financial products by the banks. That can be addressed by legislation.

    Rampant tax evasion by the banks and through the banks has come to light and I think any fair-minded person would conclude that the banks got off lightly. That should not happen the next time.

  • Davros

    14