Dáil debates

Thursday, 26 March 2009

 

Financial Institutions Support Scheme.

4:00 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick East, Fine Gael)

How does the Minister intend isolating what is now familiarly termed toxic debt? If I might make a proposal, when the Minister is examining considerations, Fine Gael has put forward a position which is, effectively, that instead of setting up a toxic bank, one would allow the toxic debt to remain in the existing banks and set up fresh banks, which would cost the State less. The Minister still has not quantified what will be the cost to the taxpayer of dealing with the situation in regard to toxic debt and of ensuring funds flow to small businesses. Will the Minister give consideration to the Fine Gael proposal?

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