Results 5,101-5,120 of 40,550 for speaker:Joan Burton

Financial Transactions (11 Feb 2009)

Joan Burton: Anglo Irish Bank put money into Irish Life & Permanent and it, back-to-back, put money into Anglo Irish Bank. That is similar to what happened at Enron. Does the Minister understand that? Why is it his officials did not inform him about this? How could the Minister not have been aware of this given the systemic risk to Ireland's reputation were this information to come out?

Financial Transactions (11 Feb 2009)

Joan Burton: There are now four inquiries into practices at Anglo Irish Bank, namely, Mr. FitzPatrick's loans, the directors' loans, the Quinn company and contracts for difference and, possibly most important, window dressing through Enron-style accounting of back-to-back transactions with another bank. Is the Minister aware of any other back-to-back transactions——

Financial Transactions (11 Feb 2009)

Joan Burton: ——-in the year end accounts?

Financial Transactions (11 Feb 2009)

Joan Burton: I remind the Minister that on 17 October——

Financial Transactions (11 Feb 2009)

Joan Burton: ——-I asked him specifically about the year end date of Anglo Irish Bank——

Financial Transactions (11 Feb 2009)

Joan Burton: ——and he told me that it was dangerous to name institutions in this House. The Minister was aware of what was happening in the bank.

Financial Transactions (11 Feb 2009)

Joan Burton: Did the Minister read it?

Financial Transactions (11 Feb 2009)

Joan Burton: Did the Minister read the report?

Financial Transactions (11 Feb 2009)

Joan Burton: So that was back to back.

Financial Transactions (11 Feb 2009)

Joan Burton: Which was it?

Financial Transactions (11 Feb 2009)

Joan Burton: Can the Minister explain the significance of that?

Financial Transactions (11 Feb 2009)

Joan Burton: So the Minister agrees.

Financial Transactions (11 Feb 2009)

Joan Burton: That is not enough time. This is too important.

Financial Transactions (11 Feb 2009)

Joan Burton: I understand that the Financial Regulator and the Department of Finance were aware from late 2007 and early 2008 of the issues relating to Seán Quinn and that there were grave concerns about the Quinn family group of companies and the contracts for difference. However, there were also difficulties with Anglo Irish Bank and the fact that it was being problematic. Would the Minister confirm...

Financial Transactions (11 Feb 2009)

Joan Burton: Will the Minister answer my questions?

Financial Transactions (11 Feb 2009)

Joan Burton: Can the Minister answer my questions?

Financial Transactions (11 Feb 2009)

Joan Burton: The Minister has not addressed any of my questions.

Financial Transactions (11 Feb 2009)

Joan Burton: No. Can the Minister answer my questions?

Financial Transactions (11 Feb 2009)

Joan Burton: Come on.

Financial Transactions (11 Feb 2009)

Joan Burton: That is deeply unfair. The Minister has avoided my questions.