Damien English (Meath West, Fine Gael)

No, this is too serious. The Minister for Finance, in his speech earlier today, stated what would be transferred over, and the Members opposite can laugh all they want. I read it back to the Taoiseach earlier. According to the Government's question and answer document, the eligible land and development loans of each bank involved will be transferred. That is development-led land that is partly built on, built on and not built on at all. I asked repeatedly at committee meetings, and I have been assured by the regulator's staff that they have checked the loans and counted them up, and the exposure was €39.4 billion to be exact. They were adamant about that. I raise a big problem here. I am not blaming anybody.

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