Micheál Martin (Cork South Central, Fianna Fail) | Oireachtas source

-----and intelligent products to sell in terms of pension funds, derivatives, or whatever. We saw where all of that got us. Throughout history the rest of society has tended to nod the head deferentially and genuflect in the direction of the financial elites. That is where we stand and it is time we challenged that position. I am all for the IFSC and for the jobs but we all accept this went too far in terms of the remuneration people awarded themselves. We are talking about people earning millions prior to the collapse, across the globe, in Europe and in Ireland.

Reform must begin somewhere and I would like to see a no-holes barred discussion with Government representatives and the industry through the clearing house mechanism. It would be no harm to give a sense of where the rest of society stands on this. Will the Taoiseach put that to the clearing house? There is a very real issue here.

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