Alex White (Labour)

In so far as Senator Butler is paying attention to this, Bank of Ireland is likely to be the only NAMA bank that will not be in majority State ownership. There is significant State involvement in all of this and the notion that we have acted correctly is a sham. It is an attempt to create spin on the part of the Minister, which is unacceptable.

On that note, I was here for the Minister of State's speech and had to step out briefly. As I stepped out I heard the Minister of State talking about ethics and paused because I thought it would be an interesting element to the speech.