Seanad debates
Thursday, 5 March 2009
Investment of the National Pensions Reserve Fund and Miscellaneous Provisions Bill 2009: Committee Stage
3:00 pm
Paddy Burke (Fine Gael)
I wish to follow up Senator Twomey's point about the Government not having a hands-on approach to the banks. Is it the case that the Government's position is compromised? On the one hand, it is investing €7 billion of taxpayers' money in AIB and Bank of Ireland while, on the other hand, it has its own bank, Anglo Irish Bank. As Senator Twomey said, it is not taking a hands-on approach where it is investing the €7 billion. Is it because it is compromised as it has its own bank?
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