Of Laws and Men
Legal and other materials, by Fergus O'Rourke
Cork Review of Ideas
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Jail the Bankers ?
Genealogy (Family History
The Great Re-Balancing 2007-?
Tuesday, January 25, 2011 at 11:04AM
Copyright © 2006, Fergus O'Rourke. All rights reserved.
Reader Comments (7)
No longer should we have a situation that the banks & financial system are used as a vehicle to engineer massive wealth transfer from one group in society to the other and massive destruction and cost (cost being cash and soft cost) to society as a whole. What would be your policies on those types of matter?
On bankruptcly law reform what would be your specific bottom line in terms of maximum bankruptcy period?
Do you have policies around individuals double jobbing in the private sector while holding a public contract, e.g. college lecturers due to the fact that such a scenario is like insider trading or crowdsourcing your competition (the students) for ideas and then using them to generate income at no credit to the student? Afterall, many in the private sector may lose out on cash income due to such a scenario plus many in the private sector are often precluded by clauses in contracts from securing a second employment (if that is required on economic grounds) and so the contrasting position of a public sector worker versus a private sector work flies in the face of provisions in our constitution which says we are all equal under the law.
What policies do you have about
(1) Business and law reform?
(2) Corporate reform and reform of the professions such as break up of big law firms, big accounting firms, introduction of Directors compliance statements.
(3) Public disclosure by lecturers of their business connections/connections with family in business in decison making capacity.
Its about time we had transparency across the board to open up and create opportunities for all in terms of wealth creation and such transparency & disclosures facilitates this.
What policies do you have about prosecution of auditors both personally and or collectively for failing to prudently carry out their duties with regard to CSR? E.g. Anglo Irisb Bank.
Do you have any policies around the area of employment law? E.g. reduction of 12 month period before Unfair Dismissal Acts apply to an individual to match say the French regime of 6 months?
Do you have any policies around the area of self regulation by businesses/employers in the area of, for example work place bullying and taking the ability of self regulation out of the hands of businesses into the hands of independent authorities? Self regulation allows for things being hidden by employers such as unscrupulous/malicious behaviours including psycological bullying which is notoriously overlooked/brushed under the carpet in the private sector?
Do you favour introducing term limits for the dail, e.g. a max of 2 terms so as to elminate dynastic politics, or rather attempt to at least.
Some of your policies require alot more padding.
I gather that you are not a voter in Cork North Central. This does not mean that your questions or other issues are totally irrelevant, but I am attending first to the concerns raised with me by those whose votes I am seeking.
I will answer your points gradually as time permits.
On burden-sharing: I do not present it as a panacea, or the answer to all problems. (Nor am I aware of anyone who does). For those with no debt issues, or with the very worst debt issues, it is not the answer.
I cannot and will not have a position on everything that has arisen, might arise or will arise.
You ask what would my policies on be on these "types of matter":
No longer should we have a situation that the banks & financial system are used as a vehicle to engineer massive wealth transfer from one group in society to the other and massive destruction and cost (cost being cash and soft cost) to society as a whole.
Other than saying that I'd be against it, I find it difficult to give a useful answer to a question posed in those terms.
I have written on such matters in the Journal and "Cork Review of Ideas" sections of this website, and twittered often on them. Google may be your friend.
I don't have a "specific bottom line in terms of maximum bankruptcy period".
I haven't worked out detailed proposals in this area, and do not have special expertise in it. However, it is clear, and I believe widely agreed, that 12 years is much too long.
The idea is to find a system that will encourage recognition of an impossible debt situation, without making it too easy for people to escape the consequences of improvident behaviour. There is no need for me to "invent the wheel" on this. What I promise to do is to support rapid action on this reform.
CSR ?