Joe O'Toole (Independent)

I would like to see how we will make the banks pay for the guarantee. I share Senator Twomey's mistrust of the banks and I do not want the legislation to operate on the basis of trust in the banks. We must have watchdogs operating in the banks as well as additional scrutiny. Their boards should be dissolved and reconstituted. An oversight body should be also established to examine perks and high salaries and an excess provision should be introduced requiring banks to pay out of their capitalisation.