Eamon Ryan (Dublin South, Green Party)

At present, we are moving to the conclusion of the crucial third element of the entire process, that is, the capitalisation of the banks. This is an important part of this process to enable them to begin lending in order that the economy can start to recover.

In respect of Anglo Irish Bank and INBS, the banking model employed was completely and, to my mind fraudulently, wrong in the sense that one could not consider such a model rationally and think how any one could perceive it to be viable, sustainable or proper. It is a legacy that will be scarred into our country and which has had huge consequences and effects. As for the company law aspects, as well as considering the nature of the management systems and other actions that took place, it is up to our judicial system to investigate them. It is frustrating for the political system to witness how long that is taking. While I dearly wish that the judicial system could complete its work faster, the Government cannot interfere and must be removed from it. One of the strengths of our democratic system is the independence of our legal system and this must be maintained, even in situations such as this.

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