Dáil debates

Thursday, 2 October 2008

Credit Institutions (Financial Support) Bill 2008: From the Seanad

 

11:00 am

Photo of Eamon GilmoreEamon 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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