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Seanad: Order of Business (10 Jul 2008)

Mary White: Hear, hear.

Seanad: Order of Business (10 Jul 2008)

Mary White: Hear, hear.

Seanad: Economic Situation: Statements (30 Sep 2008)

Mary White: Hear, hear.

Seanad: Economic Situation: Statements (30 Sep 2008)

Mary White: I have just come from a Fianna Fáil parliamentary party meeting where the Minister for Finance brought us up to date on the decision made during the night. He stressed this decision was to protect the life blood of our economy. It is not about protecting the management of the banks and the chief executives; it is about keeping our economy moving and sending a message around the world that...

Seanad: Economic Situation: Statements (30 Sep 2008)

Mary White: He was not. I wish to address a number of points. The message that was signalled by the decision today is important because many Irish people are panic-stricken and afraid of what is happening in the country. Therefore, this was a first-class decision, intended not to protect the banks but to maintain our economy. As an entrepreneur, business person and co-founder of Lir Chocolates, I...

Seanad: Order of Business (1 Oct 2008)

Mary White: Hear, hear.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: Hear, hear.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: On Monday morning, when I heard the Bill would be going through——

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: Yes. I wish to share time with Senator Ormonde.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: May I start again?

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: On Monday morning, when I heard the dramatic statement that an emergency Bill——

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: ——would be introduced, I was pleased because I knew this was leadership.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: We had leadership presented to us on Monday morning. It reminded me of the debate last week between the possible US Presidents-to-be Obama and McCain.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: During the course of the presidential debate, John McCain commended Ireland on its 12.5% corporation tax rate. We are an innovative people. I am not flattering or——

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: ——gushing, but I get pleasure when I see and hear leadership.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: I commend the Minister. I am his biggest fan. As Senator Ross said yesterday during the debate on the economy, this is not about bailing out the banks but about guarding the Irish economy and everyone who lives and works in Ireland. Nobody is saying that Irish banks are saints, and nobody has said we are blaming America for this. When has that been said?

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: I would not say that. We all knew that the false boom we experienced, pushed by the banks' lending——

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: The boom the banks' flaithiúlach moneylending——

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: I was here. The Senator was not here for the last while when I was speaking, and I did draw attention to it.

Seanad: Credit Institutions (Financial Support) Bill 2008: Second Stage (1 Oct 2008)

Mary White: I would like the Minister now to prioritise getting our competitiveness back in order——

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