Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)

The outworkings relating to the Credit Institutions (Financial Support) Act 2008 — one of the memoranda issued last week referred to it as "the Credit Institutions (Protection) Bill 2008" — must be presented in detail to the House. All the facts pertaining to the Minister for Finance's intentions regarding the new powers vested in him must be set out. What is proposed in terms of time will not allow for the full scrutiny that is necessary. I support the case put by colleagues for an extension of the Dáil sitting during the coming week and I expect a positive response to that request. This is an extremely important issue and we must get down to properly debating and understanding the nitty-gritty of what is involved. I ask that additional time be provided.

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