'Bad Bank' Bad Policy

national | anti-capitalism | press release Friday November 06, 2009 17:06 by Richard Walsh - Republican Sinn Féin tiocfaidh at btinternet dot com c/- Teach Dáithí Ó Conaill, 223, Parnell Street, Dublin 1, Ireland +44-7835 620 592 / +353-87 261 8603

The passing of the Bill to create the 'NAMA' bad bank by the Lower House in Leinster House following further surrender by Green coalition partners condemns the population of the 26-Counties to suffer for generations, Republican Sinn Féin have stated.

'BAD BANK' BAD POLICY

The passing of the Bill to create the 'NAMA' bad bank by the Lower House in Leinster House following further surrender by Green coalition partners condemns the population of the 26-Counties to suffer for generations, Republican Sinn Féin have stated.

“Should the Bill pass through the Upper House (26-County Seanad) then the bailout of criminal bankers and speculators is due to begin. This, of course, is set against the backdrop of plans to seize money from the most vulnerable in society who are reliant on social welfare benefits and to tax the lowest paid. Indeed the Christmas welfare bonus has already been withdrawn.

“Meanwhile those who caused the economic crisis are set to be rewarded by those who encouraged the irresponsible and illegal acts of the banking and building classes.”

CRÍOCH / ENDS