I enjoyed listening to Richard Boyd Barrett on Today with Pat Kenny just before 12pm.
Richard made the point that the Government are borrowing money at 6.5% lending it to the Banks at 0% while the Banks in return hold on to the money and investing, not in small businesses, but in Government Bonds where they are guaranteed a profit by the taxpayer.
Dan O'Brien was flummoxed and said he didn't understand the question when Pat put this point to him. ... he muttered in posh tones meaningless nothings.
Then Richard went on to make the point that Ireland should have set up a State Bank to lend directly into productive activity not dead, failed, private institutions.
Again Dan O'Brien muttered in posh tones and couldn't counter the points of Richard Boyd Barret.
Richard, 3 cheers for you my Boy!