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)

There is a provision in the scheme for establishing a committee to deal with that.

Deputy Quinn raised an important point in asking whether I will consult with the leaders of Fine Gael and the Labour Party prior to the selection of the appointees both to the panel and to the remuneration committee. The answer is that I will. I am happy to do so. The strength of the participation in the boards rests on the quality of the appointees.

Deputy Quinn also asked about the State taking equity in the banks. I explained that the judgment I took at this stage is that we seek cash——--

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