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Seanad: Banking Sector: Motion (25 Feb 2009)

Paul Coghlan: Senator Norris is eating into Senator Doherty's time.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: Senators on the opposite side who practise that should know. Rambles.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: Sine qua non.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: Senator Alex White referred earlier to an article in today's The Irish Times, which is good. However, I sincerely hope the damage to our banking system is not beyond repair. We must have hope. There is no doubt but that the drip feed of allegations and wrongdoing have been damaging to the system. Reference was made to the resignation of the chairman of Irish Nationwide, a man who has done...

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: ——-should be guiding the Government in this matter and ensuring matters are rectified. As I said yesterday, if they could get the banks to apologise publicly for what happened, as their British counterparts have done, that would help. Many Senators have spoken of the need for trust and confidence. We will have neither without first clearing the decks. We cannot move forward until that...

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: Yes, he did. I concur wholeheartedly with everything he said in that regard. Fairness is what is important.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: As Senator O'Toole said, we must have immediate engagement on this issue. Nobody wants to savage anybody in receipt of the minimum wage.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: Hear, hear.

Seanad: Order of Business (19 Feb 2009)

Paul Coghlan: The Senator has taught the younger Members well.

Seanad: Electoral (Amendment) Bill 2008: Committee Stage (Resumed) and Remaining Stages (18 Feb 2009)

Paul Coghlan: Some of them have already become Independents.

Seanad: Order of Business (18 Feb 2009)

Paul Coghlan: Sadly, as we have been hearing, there is no end to the revelations regarding badly behaving bankers. Yesterday evening we had another resignation of a chairman of one of the six covered institutions. Another has stoutly refused to resign and Members on all sides of the House agree there are several whose positions seem to be untenable. Sadly, the Government, which should have moral...

Seanad: Recapitalisation of Allied Irish Banks and Bank of Ireland: Statements (12 Feb 2009)

Paul Coghlan: Senator John Paul Phelan has one minute.

Seanad: Recapitalisation of Allied Irish Banks and Bank of Ireland: Statements (12 Feb 2009)

Paul Coghlan: I welcome the Minister of State and thank him for his explanation of the Government's intention regarding the recapitalisation scheme. I wish to share time with Senator Paul Bradford.

Seanad: Recapitalisation of Allied Irish Banks and Bank of Ireland: Statements (12 Feb 2009)

Paul Coghlan: We all accept we are in very difficult and dangerous times with the economy and because of the banking situation. If our economy is to have any future success - which we all wish for - and if it is to get out of these doldrums, the stability of the banking sector is vital. While Fine Gael might not agree with the proposal outlined, we still hope it will be successful. My party's...

Seanad: Order of Business (12 Feb 2009)

Paul Coghlan: Good on the Senator.

Seanad: Order of Business (12 Feb 2009)

Paul Coghlan: The exceptional support on the part of Irish Life & Permanent, which artificially boosted the deposit base of Anglo Irish Bank, was, as pointed out by Senator Boyle, under cover of the State guarantee scheme. The jiggery-pokery involved is abhorrent and I join with all Members in condemning it. The serious matter about this is that those funds were routed through the investment management...

Seanad: Order of Business (12 Feb 2009)

Paul Coghlan: Senator Ross is rightly concerned about this and he may raise the same question. What are the Irish Association of Investment Managers or the Pensions Board doing about that? Both organisations have been strangely silent on this serious matter which is of the utmost concern to all Members and citizens, particularly those worried about their pensions. The other day I asked if all the cowboys...

Seanad: Order of Business (12 Feb 2009)

Paul Coghlan: I have, of course.

Seanad: Order of Business (12 Feb 2009)

Paul Coghlan: The members of these golden circles had no regard for proper governance. Will the Leader agree that we have reached the stage, sadly, where we need - I hoped we would not need this - a High Court inspector to examine these matters, as was proposed by the Labour Party?

Seanad: Harbours (Amendment) Bill 2008: Committee Stage (resumed) (11 Feb 2009)

Paul Coghlan: I do not wish to interrupt the Senator and I hate to say this but he may already have made that point, although I am not sure.

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