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Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: The Minister did not see the merit of it last year.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: I rise on a point of order. It is scandalous that a Minister of State would come to the House and completely ignore the way he and his party voted last year, when his party excoriated Fianna Fáil for supporting this measure. He has come to the Seanad as if nothing has happened. It is scandalous.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: This is a scandal and a disgrace. It is as if nothing had happened and as if Fine Gael had never been against this measure.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: It is the Government side which is rewriting history. The Members opposite voted against this measure last year, but they are now telling us with straight faces that all is well and that what happened last year was a mistake.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: The Minister of State told the people lies in County Sligo and has told lies again today.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: How can the Minister of State sleep at night?

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: I voted for this measure last year and will vote for it again today.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: The Senator is referring to a separate guarantee scheme.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: It is not.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: This measure relates to deposits of more than €100,000.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: No more than the guarantee which the Senator's party has bitterly opposed for the past few years but for which it is now voting.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: That is what the Labour Party accused us of doing. I got that phrase in the neck on the streets of my constituency. I was an "economic traitor". The Senator's party leader accused us of that because of the guarantee the Labour Party is now cynically supporting.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: The Labour Party does not care about the people.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: This is sickening.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: "Just ignore it," is that what cancer sufferers in County Sligo are saying?

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: The Governor of the Central Bank also recommended it last year, when Senator Gilroy's party voted against it.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: We said that last year and the Labour Party voted against it.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: Fianna Fáil is doing the right thing now, not just opposing it.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: This is the worst day for democracy in this country ever.

Seanad: Credit Institutions (Eligible Liabilities Guarantee) (Amendment) Scheme 2011: Motion (1 Dec 2011)

Thomas Byrne: We are supporting the scheme.

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