Monday 27 February 2017

Brendan Keenan: Drastic step shows something is afoot

Banking legislation rushed through last week points to another chaotic year ahead -- if your heart can handle it

ALL that is missing in this legislation, said the lawyer, are the special courts and firing squads.

He was talking about the banking legislation rushed through the Oireachtas last week. Having ignored calls for laws to deal with the winding-up of banks for three years, the Government has produced emergency legislation so drastic that it will automatically lapse in 2012. Which, as new year looms, is a very short period.

Something is afoot. We can guess that these powers are being taken because it is intended that they be exercised, and exercised quickly.

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