Fiona O'Malley (Progressive Democrats)

Senator O'Toole said it all in his contribution. There are plenty of Oireachtas committees and there is no need for an additional one. Is the Labour Party serious about asking that a committee be established that would report every 30 days? One can imagine how ineffectual it would be. It would hardly have prepared for one meeting when it would have to prepare for the next.

I admire the tenacity with which the Labour Party clings to the nationalisation option. There is a slight inconsistency in this regard. I accept Senator Alex White's bona fides and agree with him on the degree of transparency required by his amendments but he should note that a nationalised bank's requirement to be transparent in the international banking field is not the same as the requirement to be transparent of a bank listed on the Stock Exchange. We would not really know what is going on in a nationalised bank and it would not be as transparent.

Senator O'Toole highlighted a major problem with the-----