Paschal Donohoe (Dublin Central, Fine Gael)

First, the Deputy referred to me being "a cheerleader". What I said at the time was that the sale of those loan books from those various banks was an important step in the banks regaining financial health, which, in turn, would help them to lend more in the future and contribute to our economy growing. I understood at that point the sensitivity with regard to it. That is why the consumer protection code applies to those whose loans have been sold. The Deputy said that I obstructed legislation. I voted against his legislation, just as he regularly votes against Government legislation, because I did not believe that it would be productive or play a role in dealing with these issues. At the time, I outlined other issues I had with this legislation. The Deputy asked me about how people are affected in different ways.

I note that the Cathaoirleach Gníomhach is ringing the bell before we get to the end of our allocated time.

See this speech in context