Seanad debates

Monday, 9 November 2009

National Asset Management Agency Bill 2009: Second Stage

 

1:00 pm

Photo of Alex WhiteAlex White (Labour)

It is true there are no certainties in this matter. There can be no certainty on anybody's part. In particular, the Minister cannot be certain that what he hopes will occur will actually transpire. There can be no certainty associated with the assertion - Senator Boyle spoke about this with some confidence - that matters will come right. None of us can be certain with regard to what is going to occur. That is a measure of how momentous and serious is this debate.

We have reached the 11th hour and the Government has signalled that the legislation will return to the Lower House on Thursday, which constitutes a curtailment of the debate in this Chamber. In such circumstances, there is a sense of inevitability regarding Members' approach to this debate. However, this should not mean we should set aside our serious and genuine objections to what the Minister is proposing.

Like other Senators, I recognise the Minister's good faith about the way he has approached this matter. I sometimes feel uncomfortable making that point in respect of Government Ministers. I assume good faith on the part of members of the Government, whereas other Senators often use half of the time available to them to inform a Minister that he or she is a great man or woman. I operate on the basis that the Minister for Finance is doing a professional job for the country and believe this is also the basis on which he operates. He does not, therefore, require to be congratulated. In so far as it is important to say so - particularly on a personal level - the Minister's input has been considerable, if wrong-headed, in recent months. However, that input has been solely motivated by the need to act in the very best interests of the country.

Unfortunately, in the context of what has occurred in the past 15 years, the Minister is dealing with a legacy created by the Government and his party, as a component thereof. It is fine for Senator MacSharry to express his frustration and annoyance that this point continues to be raised. I will not treat him to a few minutes' worth of material on the Galway tent. Owing to time constraints, I will not refer at all to the history of Fianna Fáil, its associations, etc. but if I had time, I would gladly do so. I am referring to Fianna Fáil as the party of Government; I am not interested in its historic links with the building industry or anything else. Fianna Fáil was in office when our current difficulties emerged. It was in power when my party brought forward proposals to the commission established in the late 1990s to examine the matter of house prices. If I am not mistaken, the Minister may have been Chairman of the All-Party Committee on the Constitution when that issue was dealt with. If he was not, he was certainly in and around the Houses at the time.

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