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{
    "id": 389467,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/389467/?format=api",
    "text_counter": 140,
    "type": "speech",
    "speaker_name": "Eng.) Gumbo",
    "speaker_title": "",
    "speaker": {
        "id": 24,
        "legal_name": "Nicholas Gumbo",
        "slug": "nicholas-gumbo"
    },
    "content": "Strengthening of such institutions should include remedies that aim to provide answers to depositors, for example, when those institutions go down in a short time. You will recall that in Kenya, we had institutions that collapsed more than three decades ago but up to now a number of those institutions--- Most depositors, some have even died, have not even received 10 per cent of the deposits they had when those institutions collapsed. As a result, all these families that had been promised many years ago are now living in penury and this is something that we need to avoid. Of course, again you know if I am paid 30 years after a bank collapses, the time value of money alone makes what I The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}