Results 1,921-1,940 of 4,810 for speaker:Liam Twomey

Seanad: Order of Business (20 Jan 2009)

Liam Twomey: I fully support everything Senators O'Toole and Fitzgerald have said to the effect that it is ironic that on the 90th anniversary of the First Dáil all major announcements by Government are being made in Dublin Castle. It seems the views of those meeting in Dublin Castle count for more from the viewpoint of the public than those of the elected representatives of the Oireachtas. That is the...

Seanad: Order of Business (20 Jan 2009)

Liam Twomey: That is no excuse.

Seanad: Order of Business (20 Jan 2009)

Liam Twomey: It does not matter.

Seanad: Order of Business (20 Jan 2009)

Liam Twomey: This is legislation, it has nothing to do with statements.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: It was Warren Buffet, the American investor, who said when talking about the stock markets that we know who is swimming naked only when the tide goes out. If members of this Government were showing a builder's bum last September, they most clearly need those discarded builder's helmets in this month of January 2009 after what has been announced in the past couple of weeks. There has been...

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: I thank the Minister. We know very little about why we are taking this action with regard to Anglo Irish Bank. The Minister told us why it is being nationalised. However, if we consider some of the facts the Minister has been given over the past 24 hours, and some of the facts in the accounts of Anglo Irish Bank, the bank has in excess of €100 billion on its balance sheet and €70...

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: It is €10 billion on which it is difficult to get our hands and we are not even sure to what we are being exposed in regard to the banks. These are the sort of figures we should be getting.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: There is no need for the Minister to nod at us as if we are being stupid and annoying him. These are the sort of figures he should be giving to both Houses. Sections 22 to 32 deal with compensation for shareholders. It was interesting to hear the Minister discuss this issue in the Lower House. He said the shareholders will be entitled to know what value the assessor, and by extension the...

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: I want to see the report. I am not saying I am more expert than those companies.

Seanad: Anglo Irish Bank Corporation Bill 2009: Second Stage (20 Jan 2009)

Liam Twomey: That is rubbish.

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: Perhaps the Minister of State can clarify his remark about corruption and the regulator. I do not understand the connection.

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: Many questions have been thrown up and I support all the speakers including Senator Regan and others who have highlighted this issue. The Minister must answer these questions. There is concern on the Opposition side of the House. Does the Minister believe the bank is insolvent at present, or could it survive on its own? Is there an element of being reckless with taxpayers' money with this...

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: On a point of order, I seek an answer to my question on that issue.

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: That is not the question I asked the Minister of State.

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: The question I asked——

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: That is correct.

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: I will repeat my question which is the only one I will ask the Minister of State. If this legislation is not passed tonight, will Anglo Irish Bank be insolvent or will it be solvent and free to trade? Does the Government consider that it will survive or are Members proceeding with the Bill because the Government considers it to be insolvent and that it will not survive?

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: What of Deputy Bertie Ahern's comments?

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: On a point of order——

Seanad: Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages (20 Jan 2009)

Liam Twomey: On a point of order, we have dealt with only two of the 20 amendments tabled. This is unbelievable.