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Seanad: Order of Business (19 May 2009)

Shane Ross: The Governor of the Bank of Ireland announced his resignation, which is long overdue, at this morning's AGM. However, the successor to Mr. Goggin said on the radio this morning that he had made mistakes. He represents more of the same. He lent irresponsibly to property developers. That is what happened and that is what we must acknowledge. I say to Senator Butler that while one or two...

Seanad: Order of Business (19 May 2009)

Shane Ross: I promise I will not name anybody. The culture in the banks is rotten. I was at the AGM of AIB last week and those who were there had to witness ten or 11 dummies standing for re-election, and not only did they get re-elected-----

Seanad: Order of Business (19 May 2009)

Shane Ross: -----they would not give a presentation to the thousand people on reasons for their re-election. The question that must be asked, and it is the reason I ask that the Minister for Finance be brought to the House, is why they were re-elected by 97% to 3%? How did that happen?

Seanad: Order of Business (19 May 2009)

Shane Ross: The Minister must have cast the Government's vote in favour of this collection of cronies. That is what he must come in and explain to us.

Seanad: Order of Business (19 May 2009)

Shane Ross: Will we have the Minister? It is most important that we do.

Seanad: Order of Business (30 Apr 2009)

Shane Ross: Like Senator Hannigan, I am seeking a debate on the Information Commissioner's report which was issued in recent days. This matter is particularly relevant. We debated NAMA last evening and I do not believe anyone stated that the latter will not be subject to the freedom of information legislation.

Seanad: Order of Business (30 Apr 2009)

Shane Ross: That is fine. The Information Commissioner referred to certain organisations that are not subject to the freedom of information legislation. These are the same organisations that are under public scrutiny at present. That is why it is so important for the House to debate the report. I do not know if any Member of the House has ever tried to procure information from the Financial Regulator....

Seanad: Order of Business (30 Apr 2009)

Shane Ross: The Financial Regulator will not supply information. I do not know if any Member has sought information from the National Treasury Management Agency. I inquired this morning as to what its chief executive is paid and I was told it does not supply that information to anyone. That is extraordinary. Even the banks tell people what their chief executives are paid. This organisation is funded...

Seanad: Order of Business (29 Apr 2009)

Shane Ross: I want briefly to add to what has been said about the economy. We have had many reports, and Senator MacSharry is right, but there is a consistency running through those reports and it is not good. We had the Paul Krugman one last week and one from the International Monetary Fund, which the Government has made a rather flimsy effort to rubbish. The message was the same and both of those...

Seanad: Order of Business (29 Apr 2009)

Shane Ross: There is no doubt about it. I do not wish to just take the anti-Government view because that is not my job here but it has been quoted on this side time and again, and already today, that all the figures indicate we are worse off and that Ireland is bottom of the league. We must ask why we are bottom of the league and we will not get any solutions by people getting up in this House and...

Seanad: Order of Business (29 Apr 2009)

Shane Ross: Hear, hear.

Seanad: Order of Business (23 Apr 2009)

Shane Ross: I support the calls from Fine Gael for a debate on the national assets management agency, NAMA, and not necessarily just on that. I note Senator Regan's comment that a Government representative should come to the House and tell Members the cost of recapitalising the banks. I was shocked, as I am sure were most other Members of the House, to hear last week, which was a quiet week, that AIB...

Seanad: Order of Business (23 Apr 2009)

Shane Ross: It will get it on 13 May.

Seanad: Order of Business (23 Apr 2009)

Shane Ross: The chief executive, Mr. Eugene Sheehy, said last year he would rather die than accept equity. He has now taken €3.5 billion in equity and faces the prospect of selling the Polish subsidiary or even the American shareholding.

Seanad: Order of Business (23 Apr 2009)

Shane Ross: He will not be able to sell them and he will be back to the taxpayer looking for €1.5 billion shortly. This is a matter of great urgency, and it indicates — I say this with no pleasure as I have an account with this bank — that AIB is under a great deal of pressure. This is very serious and the House is entitled to debate it. We are living in a fool's paradise here. Those who resent...

Seanad: Order of Business (2 Apr 2009)

Shane Ross: Hear, hear.

Seanad: Order of Business (2 Apr 2009)

Shane Ross: I endorse what was said by Senators Hannigan and O'Toole. What Senator O'Toole said about IBEC is absolutely right. It is quite extraordinary, disgusting and unnecessary to hear it call for cuts in social welfare. It is worse than that because today on "Morning Ireland", a director of IBEC appeared to promote this particular policy. That director of IBEC, Mr. Danny McCoy, also happens to...

Seanad: Order of Business (2 Apr 2009)

Shane Ross: I apologise to the Cathaoirleach. The extraordinary incongruity of a director of FÁS, the State agency which is meant to promote the interests of the unemployed and those on social welfare, wearing his IBEC hat and suggesting on air that people on social welfare should have their payments cut is completely unacceptable. Directors of FÁS get paid €14,000 per year for a part-time job and...

Seanad: Telecommunications Services: Motion (25 Mar 2009)

Shane Ross: I wish to share time with Senator O'Toole.

Seanad: Telecommunications Services: Motion (25 Mar 2009)

Shane Ross: I have mixed feelings about this motion although I will vote against it. There has been an improvement in the attitude of this House and the other House towards broadband and it would be churlish not to recognise it. Approximately two years ago I tabled a Bill on broadband in the previous Seanad. There was no interest in it and there was no realisation of the problem whatsoever. It was...

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