Green's Dan Boyle to propose crime of "financial treason" in Seanad bill

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davidcochrane
Green Party Senator Dan Boyle has announced today that he will be proposing a Seanad Private Members Bill into the Seanad to define the crime of "financial treason". The Greens say the new laws are needed to prosecute white collar crime and fraud.

Among the many reasons why there has been no action taken against known individuals working in Irish financial institutions – whose greed and recklessness have brought us to where we are – is that properly defined legislation seems to be lacking in defining this kind of white collar crime and fraud."

"I believe that there should be an offence of financial treason, carrying a mandatory sentence and huge fines, that would be applicable to defined individuals working in financial institutions licenced by the Irish State. There would be convictions on foot of any decision made knowingly by such individuals that result in reputational damage for the country, an unacceptable economic cost, or a loss of economic sovereignty."

"While much public anger has a political focus, and much of this is justified, the inability to bring to justice those whose self interest and greed so undermined our national wellbeing, is something that must end – and end soon," he said.

Senator Dan Boyle​
 


MPB

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Will politicians and political decisions be included?
 

Marooned

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Fair play to Dan - This needed done 2 years ago

Laws needed changed when problems were identified in 2008.
 

nonpartyboy

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Only if it's retrospective, put it to the people, it's our country.
 

Goodbody

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The master of speaking out of both sides of his mouth. There is no need for this nonsense. Bankers committed offences which are already criminal offences. Hiding personal loans, faking balance sheets, lying to Nama about the collateral for loans. Enough with the diversions and charge them already.
 

SKELLY

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Nah, there is more important things like stag hunting and mink farms
 

Asparagus

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Opposition while in government - the farce is strong in this paddedwan
 

Lord Wellington

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It may be needed. Politicians having closed door meetings with bankers should be included. Politicians taking phone calls from politicians early in the morning and guaranteeing financial institution should be included.

It should be made retrospective by referendum.

Of course Boyle is just a windbag playing to the gallery.

The best thing he could do is resign.
 

Mondo

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Unbelievable.

Can we also expect his full confession for be aiding and abetting?
 

Grumpy Jack

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Does he expect TDs and senators of a party that committed financial treason (FF) and one that stood idly by while they did it (his own Greens) to vote for this bill?

How utterly deluded Boyle and the Greens are.

Pull the f**king plug on this incompetent government, Dan, instead of engaging in cheap stunts.
 

Marooned

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The horse has already bolted.

We likely have enough laws in place already if only the authorities would be resourced so they could be enforced.
Lets not rule it out. Its needed - but sadly 2 years late. I'd also like to see an investigation into the affairs of FF and who made money out of them. Right accross the board - anyone who did business with our government and can be linked in some way to FF need to be investigated so it can be proven that everything was above board
 

Sham96

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Shut up Boyle you enabler. The real worry for the traitors now is the pressure that is going to come from the Germans, French and Americans for prosecutions. The yanks particulary will be looking at anyone involved who spent time in the US in the last few years spending money that essentially was not theirs.
 

imokyrok

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Proposing more law while condoning the non-enforcement of exisiting law - there must be a word for that?

http://www.politics.ie/justice/45664-crippling-whitecollar-crimebusters-how-fianna-fail-did.html
That was a good thread and a memorable article by Kerrigan. I doubt Boyle will get anywhere at the moment but we all must make it clear to those looking for our next vote that their priority should be to ensure white collar crime can no longer prosper in this country.
 

borntorum

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Desperate stuff. Let me guess - a bill that can be introduced safe in the knowledge that it will not pass. What does 'financial treason' even mean? Grandstanding, nothing more.
+1. Boyle becomes more pathetic by the day.

The laws are already in place. It's up to the state authorities to use them
 

Lord Wellington

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Why doesn’t he introduce a bill to establish a bank resolution regime?

Maybe it’s too complicated for the windbag.
 

bokuden

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I hope Dan and his party are included. Hypocrite.
 


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