Seanad debates
Tuesday, 16 July 2013
Land and Conveyancing Law Reform Bill 2013: Report Stage
5:40 pm
Alan Shatter (Dublin South, Fine Gael) | Oireachtas source
It has no concern about how light touch regulation helped to seduce tens of thousands of young couples into borrowing way beyond their means and the banks facilitated such borrowings. There was a complete and utter failure to maintain regulatory oversight of the banks. Then, when confronted with a banking disaster, it was paralysed and failed to address any of the issues the Government has been dealing with for the past two and a half years. Will its Senators, please, save their mock outrage because not too many people outside this House believe it?
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