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Order of Business (10 Jul 2009)

Joan Burton: Can I ask-----

Order of Business (10 Jul 2009)

Joan Burton: Can I ask about prices and the National Consumer Agency? What is the position on the legislation on the future of that agency, which apparently was meant to be merged with the Competition Authority? We also understand that part of the Financial Regulator is to be merged in a third merger. Could the Tánaiste tell us because prices continue to rise?

Order of Business (16 Sep 2009)

Joan Burton: Can he have a preferendum and tell us the result?

Leaders' Questions (16 Sep 2009)

Joan Burton: The ECB warned the Government about this proposal

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: We are opposing the reading of this Bill at this Stage because we believe we have put forward a better proposal, which will safeguard the interests of the taxpayer and will cost nothing like the proposals being made today by the Minister, Deputy Brian Lenihan, which will probably cost approximately €55 billion.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: That is because interest rates are kept low by the ECB.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: And the developers, do not forget them.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: How much more will have to be provided in capitalisation?

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: How much more would the Minister have to provide?

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: We know that the Minister has been doing that all year.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: He has been doing that all year.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: We never said that. That is a lie.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: I object to the Minister not costing his own proposals and his reference to a proposal that the Labour Party did not put forward.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: Tell him to cost his own proposal. How can he cost the Labour Party's if he cannot cost his own?

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: How can he cost the Labour Party's proposal when he cannot cost his own?

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: That was after President Obama's nationalisation of Fannie Mae and Freddie Mac-----

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: As I listened to the Minister, Deputy Brian Lenihan, I thought that the title of his paper ought to be "More Fairytales from Merrion Street" because the Minister is more "Minister ONAMA" than he is President Obama. He treated us to quotes from President Obama but I remind him that, if he bothered to read the quotes and their context, they were made after President Obama became President and...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: They account for €28 billion and €8 billion of the €77 billion total. That is half of what the taxpayer will have to carry. Were any two bankers in the history of Irish banking and property development ever closer to the Government benches? If there were others, I do not know who they are. When Deputy Gilmore, the leader of the Labour Party, and I visited Merrion Street on the...

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: All I can say is that the Minister told us then what he is telling us today: "Trust us, we are Fianna Fáil. Everything will be all right." That was what was supposed to happen in regard to the bank guarantee.

National Asset Management Agency Bill 2009: Second Stage (16 Sep 2009)

Joan Burton: We were told the fundamentals were sound by the Governor of the Central Bank and the head of the regulatory body, Mr. Neary. A whole series of other officials told us over and over again that the fundamentals of banking were sound. In the previous two years I questioned the then Minister for Finance, now Taoiseach, Deputy Brian Cowen, about his decision to allow the Quinn family and others...

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