Results 4,181-4,200 of 40,550 for speaker:Joan Burton

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Joan Burton: We are asking for a scheme of regulation, because so far——

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Joan Burton: We are asking for the principle that it will be laid before the House. The Minister will say subsequently to the Opposition that he was never asked about this point. He is an able debater and he will be on various media shows saying: "They never asked about it." This is our one opportunity to do so. We wish to know what the Minister will do to rein in the banks and to make them pay for...

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Joan Burton: They were the Taoiseach's figures yesterday.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Joan Burton: We will hold the Deputy to that.

Credit Institutions (Financial Support) Bill 2008: Committee Stage. (1 Oct 2008)

Joan Burton: It is the taxpayers who are the last line of resort.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: The bulls and the bears.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: That bears out our amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: Our amendment No. 1 refers as well to the scheme.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: I thank the Deputy. That is what we have suggested in amendment No. 1.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: I thank the Deputy.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: Yes.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: Is that some €520 billion?

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: Yes. I thank the Minister for Finance for his reply. His statement confirmed that the Labour Party is right to try to identify the extent of taxpayers' exposure to this crisis. We are attempting to enlighten the Members of this House and, more importantly, the citizens of this country about the nature of this extraordinary and historic deal. As I said previously, the Labour Party supports...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: The Minister said that it is potentially open to all applicants. I heard him say it.

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: He specifically mentioned an issue that has been raised by a number of Deputies, particularly on this side of the House, in respect of a named institution, Ulster Bank. Is this a Pandora's box? Are we opening Pandora's box? Is the law of unintended consequences coming into effect? Yesterday, the Minister was confident that the guarantee was confined to six institutions. Today, he has...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: It was the Minister who stood up and said this. I am responding to him in all seriousness. I would like to address the Labour Party's amendment. I will show why it is essential if we are to protect Irish taxpayers. The amendment states: This Act (other than section 7) shall not come into operation until the Minister has published and laid before each House of the Oireachtas for its...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: I accept they have a difficult, technical and sensitive job to do. As one problem after another came to light, they acknowledged that problems existed in the past, while maintaining that the system is fine now. As experienced parliamentarians, we are asking the Minister to level with us. We have been elected by the people to come here. The Government has certain responsibilities and...

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: May I ask a question?

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: May I reply?

Credit Institutions (Financial Support) Bill 2008: Committee Stage (Resumed) (1 Oct 2008)

Joan Burton: The Department issued a statement that the Minister has indicated that he will consider applications to join the guarantee scheme from financial subsidiaries with a significant high street retail presence, and that they will be considered on a case-by-case basis. With regard to the extension of the scheme, does the Minister have a position at this stage on financial institutions based in the...