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{
    "id": 284338,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/284338/?format=api",
    "text_counter": 377,
    "type": "speech",
    "speaker_name": "Mr. Michuki",
    "speaker_title": "The Minister for Environment and Mineral Resources",
    "speaker": {
        "id": 183,
        "legal_name": "John Njoroge Michuki",
        "slug": "john-michuki"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, I avoided going wider into these issues. In all seriousness, right now, the whole world is in financial turmoil. Now, we have what we refer to as Global Financial Crisis. The reason we have this is because there were people like Mr. Koech who were saying, \"we do not want any regulation. We do not want any surveillance. We do not want authorities to do this.\" In fact, as a result, my estimate is that US$2 trillion have been put into the financial world and the stock exchanges all over the world, but the problem still persist. If there were controls, and this is the issue now--- Internationally, it is agreed that on necessity, whether it is Americans who are politically powerful or even blocs such as European Union (EU), there will be international control in issues concerning assets of other people when they are in the hands of other managers."
}