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Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: When I spoke earlier I was speaking on the amendment but as this has now developed into a debate on the section I am not clear whether Senator Harris favours or opposes the section. He seems to express doubt about the working of section 210.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: That explains everything. In answer to Senator Harris, this envisages a system of regulation. A consensus is emerging across the House that the word "may" should be altered to "shall" and that the Minister must introduce these guidelines to regulate the participating institutions. In response to Senator O'Toole's critique of the workability of the section, this applies only to...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: I am delighted to hear that. It is imperative that the Minister issues these guidelines. That is reflected in the word "shall" in the Minister's amendment and in the important subsection (2) that requires participating institutions to comply with the guidelines issued. It states "A participating institution shall comply with any guidelines issued under subsection (1)." We will table an...

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: I am still reeling from the revelation that Senator Donohoe once dabbled in socialism.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: It would seem there are more secret socialists in the Houses of the Oireachtas than Deputy Bertie Ahern ever dreamed of.

Seanad: National Asset Management Agency Bill 2009: Committee Stage (Resumed) (11 Nov 2009)

Ivana Bacik: We are reassured the Minister intends to issue guidelines on credit flow. In that case there is no reason why "may" cannot be changed to "shall". It would secure the Minister's contention. As Senator Donohoe and others said, it would underline the seriousness of this section and the core purpose of this enormous risk-taking mechanism - that credit needs to be made available. I am glad the...

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I support other Senators in expressing their condemnation of the imposition of the death penalty in the high profile case in the United States. We would do well to remember that Ireland, as a member of the Council of Europe, is part of a group of states that have happily turned their backs on the death penalty and now regard it has barbaric. I welcome calls on the Leader to determine how...

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order, a Chathaoirleach, I think that remark may have been directed at me. I ask the Senator to withdraw that outrageous allegation.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: It is absolutely outrageous if, in fact, he is referring to me.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I ask Senator Walsh to withdraw any insinuation. If this was a court room and that was about libel, there would be a clear innuendo there.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I am asking the Senator to withdraw that remark.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I say again that the Senator is making an outrageous allegation.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order, a Chathaoirleach-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order, I did not hear the Senator make one call to the Leader for a debate. Instead, he made what were clear innuendo and by innuendo outrageous allegations against me. He just named me.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: I think I know that there was a clear innuendo there. I am asking-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: It is very clear from the record. I ask the Cathaoirleach to take action and stop Senators making such outrageous allegations against others in the Chamber.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order-----

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: On a point of order, I ask the Cathaoirleach to note the final comment of the Senator which I say to you very clearly amounts to an outrageous allegation against me, which I will not take in this Chamber. At what point does the Cathaoirleach intervene? This is my point of order.

Seanad: Order of Business (11 Nov 2009)

Ivana Bacik: At what point does the Cathaoirleach intervene to prevent such outrageous allegations being made?

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