Kieran O'Donnell (Limerick East, Fine Gael)

I move amendment No. 1:

To delete all words after "That" and substitute the following:

"Dáil Éireann declines to give this Bill a Second Reading because:

I. the Government's recapitalisation strategy for AIB and Bank of Ireland has already been dismissed by the financial markets as lacking in credibility,

II. the Government has refused to provide an assessment of the superior 'Good Bank' recapitalisation model put forward by Fine Gael Finance Spokesman Richard Bruton TD, and

III. the Government has not imposed an income cap on Bank Executives and Dáil Éireann insists on new Boards, new Executives, new Auditors in those banks that are to receive recapitalisation from the State.".

I propose to share time with Deputy Mitchell.

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