Eamon Gilmore (Dún Laoghaire, Labour) | Oireachtas source

I welcome this opportunity to speak in support of the Bill before the House tonight.

This Bill, when enacted, will finally bring an end to the Irish Bank Resolution Corporation, IBRC. The IBRC is made up of what remains of Anglo Irish Bank and the Irish Nationwide Building Society. These two institutions, names that will live on in ignominy, are forever associated with the recklessness and greed of a tiny clique that brought this country to the edge of financial ruin. These banks, the people who ran them and the golden circle around them were at the very roots of the crisis that has caused so much distress to the Irish people.

In liquidating this institution, we are doing what should have been done on the night of the blanket bank guarantee.

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