Dáil debates

Tuesday, 9 June 2015

3:45 pm

Photo of Gerry AdamsGerry Adams (Louth, Sinn Fein) | Oireachtas source

I asked the Taoiseach the following question in February 2012:

The Irish Bank Resolution Corporation, the bank formerly known as Anglo, has retained the services of the Blackstone Group to advise it on the sale of €30 billion of loans it has across Ireland and Britain... How come these vulture capitalists are advising on this loan but are not precluded from bidding for the debts? They are advising on the sale, but are bidding at the same time. Surely, this is a conflict of interest which runs totally contrary to the Taoiseach's election promises to straighten out these issues and make them transparent.
The Taoiseach, in his response, went on his rambles around Ireland. We never got a response to these issues and now he has said that his intention all the time was to get all the information out into the public domain. The Dáil record, with the contributions of Teachta Murphy, Teachta Pearse Doherty, and myself, shows the exact opposite to be the case.

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