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{
    "id": 307607,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/307607/?format=api",
    "text_counter": 106,
    "type": "speech",
    "speaker_name": "Mr. Githae",
    "speaker_title": "",
    "speaker": {
        "id": 159,
        "legal_name": "Robinson Njeru Githae",
        "slug": "robinson-githae"
    },
    "content": "Mr. Deputy Speaker, Sir, I am glad that these questions have been asked. This confirms my position when I was asked to reveal the identity of the banks that had been fined. I said that banking is a business which thrives on confidence. If depositors lose confidence in a bank, it will go down. It does not matter how big or small a bank is. Loss of confidence in a bank can result from bad publicity. In fact, most banks have gone under because of bad publicity. Depositors tend to take bad information to be correct. So, they go to the bank and try to withdraw their money. If today depositors go to the largest bank in the world at the same time to withdraw their money, that bank will collapse. So, the banking business thrives on confidence."
}