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Seanad: Order of Business (10 Feb 2009)

Terry Leyden: It was an excellent speech.

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: I am horrified and shocked at the revelations regarding Irish Life & Permanent. Word came through on this last night during the Fianna Fáil parliamentary party meeting. People are shell-shocked at what is happening at present. The Government has been misled with regard to the purchase of Anglo Irish Bank. If this information had been available prior to it being nationalised, it would...

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: They should resign forthwith.

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: As a small shareholder I can speak for many and state that I am appalled to think of the money of ordinary people who saved and had trust, faith and hope in a very genuine Irish institution, namely Irish Life & Permanent. These people feel very let down today. We do not know where we are going at this point in time. People do not know the real story with regard to Anglo Irish Bank. We...

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: These loans were transferred overnight to Irish Nationwide. Mr. Fingleton and others should resign because they collaborated in misleading the people. The Houses of the Oireachtas have been misled. People are tired of excuses and explanations. The fraud squad should be brought in to investigate what happened.

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: People should be put on trial. People should be charged with fraud because this is fraud.

Seanad: Order of Business (11 Feb 2009)

Terry Leyden: It is a fraudulent misuse of the Irish trust and I call for the fraud squad to be brought in forthwith.

Seanad: Order of Business (12 Feb 2009)

Terry Leyden: I agree with Senators Mullen and Boyle about the Minister for Finance, Deputy Brian Lenihan. In all the years I have been in the House, I have never seen a Minister pilloried for telling the truth, which is a rare commodity. The man told the truth yesterday, yet he has been accused of being honest. It is extraordinary.

Seanad: Order of Business (12 Feb 2009)

Terry Leyden: The PricewaterhouseCoopers report was sent by the Minister's officials to the Financial Regulator. Those issues were dealt with at that time and it did not affect the decision to nationalise Anglo Irish Bank. It had no bearing on that because the money had been repaid. However, we are taking our eye off the ball as far as Irish Life & Permanent plc is concerned. It put at risk €7...

Seanad: Order of Business (12 Feb 2009)

Terry Leyden: I appeal to the investors in Irish Life & Permanent plc to demand an extraordinary general meeting of that bank and call for the resignation of the chairperson and the chief executive. Gillian Bowler is a lovely lady who is great in tourism but not great in banking, as far as I can see.

Seanad: Order of Business (12 Feb 2009)

Terry Leyden: She is not in the House but, by God, she is here in spirit. Her and Seánie FitzPatrick and the chief executive——

Seanad: Order of Business (12 Feb 2009)

Terry Leyden: We should have a debate on the banks today. Again, I appeal to the investors in Irish Life & Permanent plc to demand an extraordinary general meeting and remove top management because they have let down the staff of the bank. The staff, decent, honest and hard-working young people, have been betrayed by their chief executive and management. Management knew Anglo Irish was a crooked bank,...

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: I pay tribute to the efforts of the two unarmed gardaí in rescuing Julien and Emma Flynn and their family from the armed raid on their home in Lackagh village on Sunday, 15 February. I am sure all Members of the House will join me in praising their courage and professionalism. Perhaps the Leader of the House will relay the congratulations of the House to the members of Oranmore Garda...

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: We must ensure the State secures the best possible arrangement under the revised application——

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: ——submitted by Shell last week to An Bord Pleanála and to the Department of Communications, Energy and Natural Resources. The field, which should go into production by the end of next year or the beginning of 2011, could supply 60% of Ireland's gas needs when fully up and running and the value has been estimated at €3 billion. At times like this jobs must be nurtured and protected....

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: We negotiated——

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: ——a deal at that time. The circumstances have changed——

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: ——and now is the time——

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: ——that we should negotiate additional royalties from Shell in the national interest.

Seanad: Order of Business (17 Feb 2009)

Terry Leyden: On Rockall, I call on the Minister for Foreign Affairs to update the House on the progress of the negotiations between Ireland, the UK, Denmark and Iceland on the status of the continental shelf around Rockall Island. While the State has no formal claim over the island——

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