Paul Coghlan (Fine Gael)

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 arm of Irish Life & Permanent.