Terry Leyden (Fianna Fail)

I am horrified and shocked at the revelations regarding Irish Life & Permanent. Word came through on this last night during the Fianna Fáil parliamentary party meeting. People are shell-shocked at what is happening at present. The Government has been misled with regard to the purchase of Anglo Irish Bank. If this information had been available prior to it being nationalised, it would have changed the reaction and decision made. Quite frankly, we bought a pig in a poke. I am only a small shareholder in Irish Life & Permanent and I believe the management has let down the staff. I call for the resignation of the chairman, who receives €250,000 a year by the way, and the chief executive of Irish Life & Permanent.