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{
    "id": 580661,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/580661/?format=api",
    "text_counter": 543,
    "type": "speech",
    "speaker_name": "Hon. Midiwo",
    "speaker_title": "",
    "speaker": {
        "id": 184,
        "legal_name": "Washington Jakoyo Midiwo",
        "slug": "jakoyo-midiwo"
    },
    "content": "Hon. Temporary Deputy Chairperson, I support. However, it is important that Members understand what deleting this particular section will mean. Over the years that I have been here, I have been making noise about interest rates including today, I am going to make very loud noise about interest rates because our country cannot function with the numbing and nerve breaking interest rates. The only solution which is meaningful is to open an avenue and a channel through the bourse, so that foreign investments can flow in. They will bring in foreign money so that we can have money that cannot be controlled by the traditional banking system. We need to have interplay between the banks regulated at some points. That process takes a long time because the banks have a very selfish interest. They are the only people making money in this country and nobody else is doing it. The rest of our people are poor. If you went to the Great Britain, the Barclays Bank reports losses. Kenya is their best market in the whole world. We have to deal with the appetite for money by the banks; so that the money goes to the people it truly belongs to. Who are the people? I support very strongly."
}