Results 4,501-4,520 of 4,608 for speaker:Joe O'Toole

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: I know what the Minister is trying to do, but this is not the way to do it. There are other ways to do so. If a case was taken to the Four Courts, the Minister might state his case and rely on the public interest, as mentioned in the Preamble or whatever precedes the Bill proper, but I do not believe that would hold sway or be what was required. The Minister used the word "proportional"...

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: On a point of order, I am not arguing with the Minister. On foot of its investigation in 2001, the Committee of Public Accounts reported that issues of which the Central Bank was aware could not be communicated to other authorities. That was after the passage of the Central Bank Act 1942, which the Minister quoted. It may be the Companies (Auditing and Accounting) Act 2003 that provided a...

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: I have another question. I am deeply uncomfortable with this. I have listened to the Minister's answers and know they were given to me in good faith but I believe he is being overly influenced by his objectives, with which I agree. However, I do not believe this legislation will work. There is no mention of directors. I nearly had to be tied down last week when I heard the debate on the...

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: Section 22 deals with that matter.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: Yes, with the shareholders and directors.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: Surely that is not true. Section 22(1)(a) states that all functions that would be vested in the directors of the relevant institution will be vested in the special manager. There will be nothing left to do.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: Does he take all responsibility?

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: No.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: This comes back to section 6.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: Have we not given him the power to sell any or all of the assets?

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: The name of the bank is possibly the only asset. The Minister of State, Deputy Mansergh, said the part of the bank sold in Poland was probably worth more than the entire bank at one stage.

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: On a point of order, will the Cathaoirleach put one composite question in two minutes?

Seanad: Credit Institutions (Stabilisation) Bill 2010: Committee and Remaining Stages (16 Dec 2010)

Joe O'Toole: This is the last opportunity to speak on the Bill. I support the objective of the Minister but I do not believe the Bill will survive. I think it is unsafe and unconstitutional. In many ways, it undermines and perverts an existing body of legislation in a variety of areas. It also undermines existing regulation and undermines and perverts common law of many centuries before there was any...

Seanad: Order of Business (17 Dec 2010)

Joe O'Toole: I wish to be associated with Senator Fitzgerald's words of appreciation to the staff of the House and to the Cathaoirleach, to the ushers and all the staff who help Members through the course of the year. However, unlike Senator Fitzgerald I find it quite optimistic that for the past then days there have been announcements on job creation every day and that there has been growth in the third...

Seanad: Order of Business (17 Dec 2010)

Joe O'Toole: We need to deal with that issue. While criticising the Government for being laggardly, I understand it has given a commitment it will be done. However, having failed for years to get any movement from the Church leadership to move to protect abused children and to deal with perverted clerics, where that arose, is it anything short of outrageous to witness the antics from Armagh in the past...

Seanad: Order of Business (19 Jan 2011)

Joe O'Toole: Regarding mental health, in response to a private Members' debate yesterday on the part of the main Opposition party the Minister made a statement in the Dáil to the effect that the VHI could save 10% of its costs. This is the most significant statement in some time concerning savings that could be made for people. The increases in VHI costs, to which we referred last week, need to be...

Seanad: Order of Business (19 Jan 2011)

Joe O'Toole: I see Senator Boyle smiling. I ask this in all seriousness. The efficient way to do business is to conclude matters.

Seanad: Order of Business (19 Jan 2011)

Joe O'Toole: The Seanad knows my views on that. Rather than hearing how long the legislative programme will be and what will be added to it let us hear everything on the list today. For example, will the political relationship with the Green Party survive? We have not heard the Fianna Fáil position. Apart from economic and financial Bills are there other matters about which we do not know? We need...

Seanad: Order of Business (19 Jan 2011)

Joe O'Toole: I can assure the Leader-----

Seanad: Order of Business (19 Jan 2011)

Joe O'Toole: I can assure the Leader that wherever two Senators are there also am I. The fact that I was not present does not mean I did not follow the information provided. If it had been clear last week there would not be a meeting this morning in order to sort out certain points.