Dáil debates
Wednesday, 1 October 2008
Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed)
10:00 pm
Joan Burton (Dublin West, Labour)
He specifically mentioned an issue that has been raised by a number of Deputies, particularly on this side of the House, in respect of a named institution, Ulster Bank. Is this a Pandora's box? Are we opening Pandora's box? Is the law of unintended consequences coming into effect? Yesterday, the Minister was confident that the guarantee was confined to six institutions. Today, he has listened to arguments suggesting that three other institutions may be involved. A guarantee of €60 billion would potentially apply to one of the institutions in question.
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