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{
    "id": 229912,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/229912/?format=api",
    "text_counter": 169,
    "type": "speech",
    "speaker_name": "Mr. Kajwang",
    "speaker_title": "",
    "speaker": {
        "id": 164,
        "legal_name": "Gerald Otieno Kajwang",
        "slug": "otieno-kajwang"
    },
    "content": "Mr. Temporary Deputy Chairman, Sir, the effects of deleting sections 2 and 3 and leaving Section 1 is that from tomorrow banks will be free to charge any interest rates that they want to. That is what they did in 1993 and 1994. This destroyed the entire middle class of this country. We want the Minister to have this power. If he does not want it, a Minister in another Government will want it. We want to retain it. He may or may not use it. However, we must protect our people against mercenary banks in this country."
}