Results 9,121-9,140 of 40,550 for speaker:Joan Burton

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----in relation to various issues and we proposed as well significant changes and savings in relation to tax breaks, which were given to very wealthy people and which were driving a bubble in relation to speculation in building land, in particular.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Well, my principal criticism of Fianna Fáil and of the Finance Ministers and taoisigh was that there was a series of warning shots which were given in Ireland in relation to banking and banking regulation. And Northern Rock had happened a full year beforehand and, at that stage, Deputy, I had made it very clear to the then Minister for Finance, Mr. Cowen, that action should be taken in...

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Subsequently, all over the following year, I became increasingly, I have to say, alarmed by the information which was coming in respect-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----of Anglo Irish Bank. I came, as is the responsibility of any Opposition Deputy, to the various fora that exist in this House - the Finance Committee; on occasion, in relation to spending in particular, the public accounts committee - and-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----I set out-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----and I set out-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----I set out my concerns. My ... I advocated-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----the ending of tax breaks, I advocated-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Oh, in relation to that-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----our concerns was around the blanket nature of the guarantee. We set that out very specifically, very clearly - the blanket nature of the guarantee. The uncertainty about the amount of responsibility and liability that the guarantee was going to put-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----on the very frail shoulders of the Irish taxpayer.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: And on the fact of the treatment-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----of certain classes of bondholders. On all of those, we were extremely concerned.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: And the proposal was that the blanket bank guarantee was inappropriate because it was putting too great a burden of debt-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: -----onto the shoulders of the ... and, by the way, at that point, Deputy, as you probably remember, because you were one of the advocates for what you described at the time as ... and others-----

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: ------as wearing the green jersey.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: Yes.

Committee of Inquiry into the Banking Crisis: Nexus Phase (23 Jul 2015)

Joan Burton: The-----