Seanad debates

Thursday, 12 February 2009

11:00 am

Photo of Fidelma Healy EamesFidelma Healy Eames (Fine Gael)

I thank the Leas-Chathaoirleach for giving me some time. The debate must take place today and it should be on what will constitute good recapitalisation, with proper terms and conditions. International best practice says when there is gross malpractice, professional misconduct and, quite likely, fraud such as we have seen in the banking system, we should clear out all the boards and start afresh. My question for the Leader is why is the Minister for Finance, Deputy Brian Lenihan, pussyfooting around with the banks. What is he afraid of? Why is he so tentative? Why is he saying there should be only a quarter of new appointments? As Senator McDonald said a few minute ago, it is all wrong. We have seen gross malpractice. What is going on?

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