Clare Daly (Dublin North, Socialist Party) | Oireachtas source

The problem is that the horse has already bolted and the conclusions from the examination of the appointment of the special manager, which the Minister says will issue shortly, are somewhat irrelevant given that the credit union has now been handed over. However, people still want answers. They wanted the gag on the directors of the credit union to be lifted so they could examine the decisions made in a few isolated cases which created the problems in the first place. The idea that the solution is to hand the credit union over, lock, stock and barrel, to a bank does not make sense when an examination of the role of the directors and the decisions made in the past could have brought better clarity and secured the savings in the credit union, with the investment being made under the credit union banner rather than having the credit union handed over to the bank.

See this speech in context