Results 1,901-1,920 of 26,021 for speaker:Kieran O'Donnell

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: Deputy Rabbitte remarked that this is one of the most defining days for the public in terms of the level of funding the ordinary taxpayer is being asked to put into various institutions, in particular, Anglo Irish Bank and Irish Nationwide Building Society, which are effectively defunct institutions. People are entitled to ask questions. The public has a great degree of common sense. A...

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: The Government is scaremongering about the professional investors. Many of the professional investors in Anglo Irish Bank will have insurance, unlike the taxpayer who must foot the bill. To put into context exactly how the Government thinks, and its priorities, it is prepared to put €22 billion into a black hole in Anglo Irish Bank. It is like putting petrol into a car where the engine...

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: ——whether the Government knows what it is doing or it is pressing ahead with something that would bankrupt future taxpayers and future Governments in this country.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: We have not said that.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: The Minister of State should try to explain the Anglo Irish Bank bailout to them.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: Why is he looking for submissions on the issue?

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: Minister, they are in the accounts——

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: On a point of order. I have the published accounts of Anglo Irish Bank and €8.3 billion is in the accounts up to the end of December.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: That money was in the accounts up to the end of December. How could——

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: They must have worked very late at night. The €8.3 billion must have been committed to the bank.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: No.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: No, Minister. A total of €8.3 billion has been put into Anglo Irish Bank. It is in the bank's end of year accounts at the end of December but the Minister has said that did not happen.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: We need clarification. It is in the accounts in black and white.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: I am looking at the Minister's speech on Tuesday, where he said: "I am providing €8.3 billion this week to support the capital position." Did the Minister give a commitment to Anglo Irish Bank in December that it would get €8.3 billion? In other words, was the commitment given long before he came into the House, because the accounts show €8.3 billion in terms of share capital at the...

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: No, AIB, but Anglo Irish as well, since we are being told by the chairman that it will cost well above the €22 billion. How much, in addition to the €3.5 billion by way of preference shares, will AIB cost the Irish taxpayer? We do not want a situation whereby the Minister tells the Dáil on a certain date he is committing a certain figure to AIB and we find that this had been done three...

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: It is not on a statutory footing, rather guidelines have been issued and if the Minister does not know this, then we have a major problem. It should be on a statutory footing, but it is not. Perhaps the Minister might deal with those questions, please, because what we want here is transparency and accountability.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: Based on whether they give it out.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: The Minister gave a commitment on Anglo and the €8.3 billion, specifically.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: The Minister is not answering the question.

Banking System: Statements (1 Apr 2010)

Kieran O'Donnell: Was there a specific figure?