Arthur Morgan (Louth, Sinn Fein)

Will the Minister explain why he decided to nationalise Anglo Irish Bank when he learned of these irregular loans, rather than deciding on the opposite course of action and allowing the bank to wind down? Many of us believe that would have been the correct action to take.

The Minister says there is no culpability but there were very serious goings on, of which he was aware. Why did he not wait for the outcome of those reports before deciding to nationalise?

What is the current status of the Anglo Irish Bank Corporation Act given the Minister withheld information from the Dáil in regard to very important matters at the time of the Dáil debate? Is that Act now open to constitutional challenge as a result of his withholding that information from the Dáil?

The Minister alluded to my colleague's question. When did the Minister inform the Government members of his coalition partner about these irregularities in Anglo Irish Bank? Was it before or after they agreed to proceed to nationalisation that they were aware of this toxic and irregular activity?

Are there further toxic announcements to come in regard to this or any other bank? Perhaps the Minister will explain whether he is aware we are the laughing stock of Europe because of all of these activities. When we compare and contrast the reaction of the State to these people to that of the American authorities to Enron——

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