We need public banks that are for the people and by the people

Irish tax payers, some not yet born, have bailed out commercial banks, because these banks along with the Central Bank of Ireland run and control Ireland by diktat.

Now, Bank of Ireland, being a pillar bank, has just dictated to its customers, new rules of engagement. Who asked for the cashless society? Did we have a vote for a cashless society? Government is on board, as evidenced by the recent budget’s extra charge at the ATM.

Mark to Market accounting is still conveniently ignored so banks can appear solvent with almost Celtic Tiger property prices, despite the fact that vulture capitalists may still acquire stressed assets at 10 cents in the euro.