Dáil debates

Friday, 17 October 2008

Approval of Credit Institutions (Financial Support) Scheme 2008: Motion

 

2:00 pm

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)

Recapitalisation is not in the scheme. If there were any question on recapitalisation I would immediately approach the Opposition spokespersons and brief them on it. I remind the House that last week the chief executives of a particular British financial institution were observed entering No. 10 Downing Street and it was suggested that the visit was about the capitalisation of the institution. The institution in question lost 42% of its share value on the stock exchange the following day. The idea that we can come here and have a great debate about capitalisation is misinformed.

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