Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

Sinn Féin cannot agree to the proposal to guillotine all Stages of the Building Societies (Amendment) Bill 2006. This Bill will provide for the demutualisation of a number of building societies, including the Irish Nationwide Building Society. We are very cognisant of the concerns of many people who have had experience of the regime operated by the management of that building society throughout the years. We need proper Committee and Report Stages to address all the import of this legislation, which cannot be accommodated in the time afforded this evening. Accordingly, I record our opposition and request that it be removed from the guillotine process today.

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