Dáil debates

Tuesday, 25 June 2013

2:10 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

I noted the Deputy's words, "reckless", "oblivious", "devoid of responsibility", "dismissive of authority" and "no moral compass". I note that he only mentioned the word "truth" once. We need to get at the truth because while it is easy to be shocked and absolutely angry about the revelations in what I understand are very extensive tapes, we should remember who the victims are in this case. The victims are the tens of thousands of families, ordinary people around the country, who became victims of the axis of collusion between Anglo Irish Bank and Fianna Fáil and bankers in general in order to inflate the property business. They bought their houses with inflated mortgages and at inflated prices and found when the crash happened that they had been left devoid of their business and income and mortgaged to the hilt for the next generation. That is what we need to find out. There have been inquiries held in secret such as the Nyberg inquiry which happened after the bank guarantee, about which nobody here knew anything until it was completed. There was no political accountability. I remind Deputy Micheál Martin who the guardians were at the time of what is contained in the Constitution. It was the elected Government which operated with the Central Bank and the regulator and with light touch regulation. It was the Government that sat down, time after time, with the bankers on "Hail fellow, well met" occasions.

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