Dáil debates

Wednesday, 8 October 2008

10:30 am

Photo of Eamon GilmoreEamon Gilmore (Dún Laoghaire, Labour)

What is the state of the Central Bank's knowledge about trading activity in this form of debt in the weeks leading up to the Government's decision to provide the guarantee? This is a specific question. If something goes wrong, ironically this high risk stuff will be the first charge on the Irish taxpayer. As the taxpayer now is providing a guarantee for the banks, Members are entitled to know the reason this stuff was included and who it benefits.

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