Dáil debates
Thursday, 1 April 2010
Banking System: Statements
1:00 am
Kieran O'Donnell (Limerick East, Fine Gael)
No, AIB, but Anglo Irish as well, since we are being told by the chairman that it will cost well above the €22 billion. How much, in addition to the €3.5 billion by way of preference shares, will AIB cost the Irish taxpayer? We do not want a situation whereby the Minister tells the Dáil on a certain date he is committing a certain figure to AIB and we find that this had been done three months before that date.
Is the Minister confident he will collect the €109 million in directors' loans made under a provision in the Anglo accounts? Incidentally, they are not annual accounts, but rather 15 month accounts. The public are outraged by the fact that €2 billion was taken by three Anglo directors, as reflected in the accounts, when families are effectively harnessing their children's future for Anglo.
Finally, the credit reviewer mechanism is extremely limited at €250,000 in terms of facilities. There is no statutory basis, just moral persuasion, effectively, and there is no time limit because, in essence, they will have to avail of the appeals system through the bank. Will the Minister not put this measure on a statutory footing?
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