Dáil debates
Thursday, 2 October 2008
Credit Institutions (Financial Support) Bill 2008: From the Seanad
11:00 am
Eamon Gilmore (Dún Laoghaire, Labour)
A Cheann Comhairle, let me put it very simply. Taxpayers are being asked to underwrite a guarantee for every euro and cent in every bank in this country. We all want that money to be secure. There are concerns, however, about this. One concern is that some of the money loaned by the banks which has got us into this hole has been loaned out for property speculation.
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