Seanad debates
Tuesday, 20 January 2009
Anglo Irish Bank Corporation Bill 2009: Committee and Remaining Stages
9:00 am
Nicky McFadden (Fine Gael)
First it was capitalisation, now nationalisation, and we are here again, bailing out this bank. I support this amendment because we need to vet the directors of the bank. It is not good enough for the Minister to say that he will be the one to vet them. There has been an absolutely corrupt culture surrounding senior management, auditors and the financial regulator. These people must be vetted by the Oireachtas Joint Committee on Finance and the Public Service. The Government has been making it up as it goes along and taking fire brigade action in respect of every crisis. This is a good amendment and I fully support it.
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