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Order of Business (3 Feb 2010)

Joan Burton: I am told there is a daft delegation order with the Attorney General. I am asking the Taoiseach — who holds that office for the time being — whether this issue, which is central to all our economic futures, is coming, as it should, before the House for a full debate. There are businesses, families and individuals ruined and unemployed because of the Taoiseach's actions as leader of...

Order of Business (3 Feb 2010)

Joan Burton: Now the Department of Finance, which the Taoiseach ran in his previous Ministry, is to delegate the functions of looking after the banking system to the NTMA, which is not responsible to this House. I am in order in asking the Taoiseach to be accountable for this.

Order of Business (3 Feb 2010)

Joan Burton: Is the order coming before the House?

Order of Business (3 Feb 2010)

Joan Burton: I asked the Taoiseach whether the order is coming before the House.

Order of Business (3 Feb 2010)

Joan Burton: The Taoiseach is the Head of Government. In answering questions later today, the Minister is only the Minister for Finance. Will the Taoiseach, as leader of the Government, say whether this order will come before the House for debate?

Order of Business (3 Feb 2010)

Joan Burton: They drove a stake into the heart of the Irish economy.

Order of Business (3 Feb 2010)

Joan Burton: The builders blocked it.

Order of Business (3 Feb 2010)

Joan Burton: Was that last year?

Order of Business (3 Feb 2010)

Joan Burton: Yesterday.

Order of Business (3 Feb 2010)

Joan Burton: Where is the letter?

Order of Business (3 Feb 2010)

Joan Burton: The Taoiseach needs to remember what happened with Deputy Gogarty — we do not want that to happen again.

Order of Business (3 Feb 2010)

Joan Burton: It must be the 30 km/h speed limit.

Order of Business (3 Feb 2010)

Joan Burton: He said he was very disappointed and deflated.

Mortgage Interest Rates. (3 Feb 2010)

Joan Burton: Question 87: To ask the Minister for Finance his views on projections that credit institutions operating here, including those covered by the bank guarantee and participating in the National Asset Management Agency, are likely to increase lending margins on mortgages and other loans by up to 100 basis points over the coming year; if his attention has been drawn to the financial pressure this...

Mortgage Interest Rates. (3 Feb 2010)

Joan Burton: I note the Minister is very fond of the word "disappointed" with regard to the wrongdoing of Seán FitzPatrick in the window-dressing of the balance sheet of Anglo Irish Bank at the end of a year, as well as the provisions of Permanent TSB to lend money. That was probably one of the most outrageous events in the history of Irish banking when the balance sheet of a major bank was altered, yet...

Mortgage Interest Rates. (3 Feb 2010)

Joan Burton: This crisis is affecting hundreds of thousands of families, many of whom are also facing severe salary cuts. I received a letter yesterday from a public servant who is going to private lenders to borrow in order to meet mortgage payments. Many of the private finance companies are charging a fee of €30 for every €100 borrowed, but that is the only recourse that many people have, and it...

Mortgage Interest Rates. (3 Feb 2010)

Joan Burton: Would that include his representatives?

Mortgage Interest Rates. (3 Feb 2010)

Joan Burton: We previously discussed a two year moratorium. The moratorium currently available is very short and sub-prime lenders do not offer it. Has the Minister done anything about extending the moratorium to two years, as we requested?

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: Question 89: To ask the Minister for Finance his views on whether serious challenges will remain for the banking sector here after completion of the transfer of toxic loans to the National Asset Management Agency; if, post-NAMA, he foresees significant future losses on the banks' remaining loan books including mortgages, consumer credit and commercial lending; his views on whether credit...

Financial Institutions Support Scheme. (3 Feb 2010)

Joan Burton: Does the Minister agree the NAMA process is going far more slowly than predicted during the discussion on the Bill in this House? Most of us have heard the horror stories emerging from all sides in banking. A great number of distressed loans were undertaken with almost no collateral. There is great confusion about who has title to loans. Many loans were on foot of solicitors' undertakings...

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