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Sinn Féin to use every opportunity to block NAMA – Ó Caoláin

16 September, 2009 - by Caoimhghín Ó Caoláin TD

Speaking ahead of the return of the Dáil today Sinn Féin Dáil leader Caoimhghín Ó Caoláin TD said his party will do all in its power to stop the passage of the NAMA legislation through the Dáil. Deputy Ó Caoláin publicly called on TDs and Senators to sign a petition to the president for NAMA to be put to a referendum. He said the Fianna Fáil and the Green Party cannot be allowed to take €15,000 off every man woman and child in the country with a simple majority vote in the Dáil.

Speaking to reporters at Leinster House Deputy Ó Caoláin said, “TDs returning to the Dáil this week are faced with a dilemma of unprecedented proportions in Irish history. After years of economic mismanagement and a culture of corruption which have caused record levels of unemployment and economic chaos this current Fianna Fáil led Government is attempting to legalise corruption with its NAMA legislation. This cannot be allowed to happen.

"I and my party colleagues will do all in our power to prevent this legislation from passing through the Oireachtas. We will use every opportunity available to us to stop NAMA. This includes the possibility of disrupting Dáil business if necessary.

"This week my colleague, Sinn Féin Finance Spokesperson Arthur Morgan, published a petition to the president which calls for a referendum on NAMA should this legislation be passed. It requires the signature of a third of TDs and a majority of Senators and I would encourage all Oireachtas members to sign it today in the name of democracy.

"NAMA proposes to cost every man woman and child in the country somewhere in the region of €15,000. It would be simply wrong and absolutely unfair for Fianna Fáil and the Green Party to use their slender Dáil majority to take this type of money off people without their consent. It should go to a referendum and the people should decide the best way forward.

“Taoiseach Brian Cowen’s claim yesterday that NAMA was they only way forward was a disingenuous attempt to scare the public into supporting NAMA and to get his back benchers in line ahead of the Dáil debate. The reality is that there is an alternative that will provide better value for taxpayers’ money.

"Sinn Féin is firmly of the view that nationalising the banks is the fairest way forward with the best possible return to taxpayers as the State will then own the banks. This is also the best way forward for the economy as we could then ensure that the banks begin lending again and oiling the cogs of the rusting economy." ENDS

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