Seanad debates

Thursday, 26 September 2013

10:50 am

Photo of David CullinaneDavid Cullinane (Sinn Fein) | Oireachtas source

Yesterday the Governor of the Central Bank admitted to the Oireachtas Joint Committee on Finance, Public Expenditure and Reform that he had not listened to the full recordings known as the Anglo tapes. I find this incredible. He acknowledged that he had not seen the full transcripts. He also acknowledged that he had access to the tapes, but that he had no intention of listening to the rest of them. Considering what the boys in Anglo Irish Bank said on the tapes about the Central Bank and the previous Governor, it is appalling that the Governor has not listened to the tapes. He, the Central Bank and the regulator are in the best position to determine whether there was any wrongdoing. There is huge public anger because of what is on the tapes. People realise there are hospitals and schools without funding, large classes, people unemployed and people who have emigrated because of what individuals in Anglo Irish Bank did. The bank cost the State tens of billions of euro and people are in poverty because of what happened in it. People are suffering every day of the week and in negative equity. We have no money to pay for public services, invest in job creation to get people back to work or spend on health and education services, yet billions of euro of taxpayers' money was put into Anglo Irish Bank to bail it out and pay its debt. The Governor of the Central Bank is telling us he cannot be bothered to listen to the full set of tapes. It is appalling.

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