Paul Connaughton Snr (Galway East, Fine Gael)

I can guarantee the Minister he will get plenty of this before 5 June.

People have been fooled for long enough, and there will be much more intensive scrutiny of all these measures, including the toxic bank. We are following models around the world. We know this is happening in many other places. However, nobody can tell me the financial backup is as good in Ireland as it is in the United States, for example, or Germany or Italy. They are far more secure than us in certain ways. We are just a pebble on the beach. If the Government is allowed to continue on its current course, we will see the biggest ever buy-out of bad developers' loans over the next five years. I hope this does not happen, but I ask the Minister to remember he heard it here - I will not be hoodwinked by anyone.

See this speech in context