Dáil debates
Wednesday, 20 October 2010
Statements re Minister for Finance's announcement on banking of 30 September 2010: Questions
12:00 pm
Caoimhghín Ó Caoláin (Cavan-Monaghan, Sinn Fein)
I refer to a reply by the Minister to my Parliamentary Question No. 188 of 18 May 2010 in which I asked him to publish the full list of bondholders involved in Anglo Irish Bank, in view of the fact that Anglo Irish Bank is in State ownership and given the extent of the Irish public's exposure. The Minister replied that detailed information on bondholders of domestic credit institutions' senior and subordinated debt is not available. He stated that, unlike in the case of shares, the holders of credit institutions' senior and subordinated debt instruments are not subject to a disclosure regime. Has the Minister taken time to inform himself who are these bondholders? Does he understand the tremendous anxiety on the part of the Irish public to know who is more important than they in the consideration of this Government in respect of what were not gilt-edged or guaranteed investments? They are being treated as such as a result of the Government's decisions and placed above the daily needs of ordinary people who are suffering grievously. In May the Minister indicated he could not say who they are but I have a list of 80 possible suspects and I wonder if the Minister is aware of some of these.
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