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Banking System: Statements (1 Apr 2010)

Joan Burton: Is the Minister giving us a NAMA bad bank, which will take the best income earning assets? Is he leaving bad banks in each of the other banks in order that we now have five bad banks.?

Banking System: Statements (1 Apr 2010)

Joan Burton: That is the consequence of what the Minister is doing. Where has his proposal for a forced merger of INBS and the EBS gone? Has it vanished because of the level of debt in INBS and the fact that it is, to quote George Soros, "a zombie bank"?

Banking System: Statements (1 Apr 2010)

Joan Burton: Where is the marriage he referred to as a key element of his banking strategy? It has vanished from view. A total of €675 million is going into the EBS and €2.7 billion is going into Irish Nationwide but the marriage is off.

Banking System: Statements (1 Apr 2010)

Joan Burton: Will the Minister comment on that? That is another colossal waste of taxpayers money for another dead zombie institution.

Banking System: Statements (1 Apr 2010)

Joan Burton: The Minister did not tell the country.

Banking System: Statements (1 Apr 2010)

Joan Burton: Here it is.

Banking System: Statements (1 Apr 2010)

Joan Burton: Earlier this year.

Banking System: Statements (1 Apr 2010)

Joan Burton: No, in due deference to the Minister, that is not what the Commission said.

Banking System: Statements (1 Apr 2010)

Joan Burton: Earlier this year Ireland notified a capital injection of €8.3 billion in favour of Anglo——

Banking System: Statements (1 Apr 2010)

Joan Burton: Will I give the Minister the notice?

Banking System: Statements (1 Apr 2010)

Joan Burton: I will give the Commission statement to the Minister to read. It might help.

Banking System: Statements (1 Apr 2010)

Joan Burton: Earlier. There is no possibility. The Minister is now adding——

Banking System: Statements (1 Apr 2010)

Joan Burton: Earlier this year.

Banking System: Statements (1 Apr 2010)

Joan Burton: Yes there is.

Banking System: Statements (1 Apr 2010)

Joan Burton: Could the Minister answer any of the other questions?

Banking System: Statements (1 Apr 2010)

Joan Burton: I am sorry. The Minister indicated that he notified the Commission of the capital injection of €8.3 billion but he did not tell the Dáil.

Banking System: Statements (1 Apr 2010)

Joan Burton: No, the Minister has not.

Banking System: Statements (1 Apr 2010)

Joan Burton: The Minister did not let us meet NAMA.

Banking System: Statements (1 Apr 2010)

Joan Burton: Is that for the future? He did not let us meet NAMA.

Banking System: Statements (1 Apr 2010)

Joan Burton: I requested a meeting and did not get one.

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