Seanad debates

Thursday, 30 April 2009

10:30 am

Photo of Ivor CallelyIvor Callely (Fianna Fail)

I rose to mention the money advice and budgeting service, MABS, which I have noted in this House on a couple of occasions, along with the good work it does. Its caseload has increased greatly and there is a significant percentage increase in the demands on its services. I concur with Senator MacSharry about the black market of unauthorised moneylending. Will the Deputy Leader try to assess for me and other Members the level of increase in additional supports made available to MABS to meet the particular demands of this time? It is very important as the body does tremendous work. It is appropriate for this House to ensure the correct supports and funding are in place for it.

In light of yesterday's debate on the national asset management agency, NAMA, will the Deputy Leader seek clarification on the toxic debts in banks? How will they be assessed? The concern in light of yesterday's debate was that the banks would be very anxious to dispose of their toxic debts so we need to know what mechanism will be used.

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