Dáil Wednesday 14 January 2015 at 17:00

Goldman Sachs AIB advice

Summary

Mattie McGrath criticises Goldman Sachs’s appointment to advise on AIB disposal and requests a debate. The Taoiseach defends the assessment as seeking the best return for taxpayers, while exchanges continue over the firm’s credibility.

Mattie McGrath Independent

Will the Taoiseach give an explanation for, or time for a debate on, the appointment of Goldman Sachs to advise the Government on its disposal of AIB?

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Seán Barrett An Ceann Comhairle Fine Gael

That is not for the Order of Business.

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Mattie McGrath Independent

It is very serious. The company's record on financial matters in Greece, America and elsewhere is very damaging. This falls under the Central Bank (consolidation) Bill. The company has zero credibility and I am shocked.

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Brendan Howlin Labour Party

The Deputy is shocked again.

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Kathleen Lynch Labour Party

He is really shocked.

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Enda Kenny The Taoiseach Fine Gael

Deputy Mattie McGrath is speaking about Goldman Sachs doing an assessment for the Government on following through on the best option for the Irish taxpayers-----

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Mattie McGrath Independent

Pro bono?

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Enda Kenny The Taoiseach Fine Gael

-----to get back €29 billion for them, which we hope to do over some years.

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Mattie McGrath Independent

Goldman Sachs has less credibility than the Taoiseach.

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