Seanad debates

Tuesday, 17 February 2009

3:00 pm

Photo of John Gerard HanafinJohn Gerard Hanafin (Fianna Fail)

To finish the point, were deterrents in place, it might prevent people from ever taking a particular action. I take no pleasure in seeing people in handcuffs at any time. That said, we must do what is correct. We must find out exactly what happened to the money that was given to purchase shares in the bank as a non-recourse loan. We must establish whether it was a non-recourse loan after the event, in other words, once the share price went down if they were suddenly classified as non-recourse loans. That is something which we must investigate.

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