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Seanad
‹ Order of Business (Resumed)

Anglo Irish Bank tapes inquiry

Summary

Senators exchange criticisms over the Anglo tapes, the banking crisis and the former Government’s role; Senator Coghlan urges calm, ministerial clarification and appropriate Garda or DPP action.

The Phoenix must have been right.

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Another sterling performance.

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I thank Senator Paul Coghlan.

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I refer to Senator MacSharry's colleague. I have never been populist. I am sure Senator Leyden was well able to handle those Anglo Irish Bank tapes while he was in Strasbourg. We should remember, despite all of their contribution to the mess this country is in, that none of its representatives was present on the night of the bank guarantee.

I agree fully with Senator Comiskey on the Presidency. By any measure one cares to apply, it was more than reasonably successful. It is proper that the Taoiseach is in Strasbourg to address the EU Parliament today. As ever, I admire Senator Darragh O'Brien and his ability to jump on an issue.

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It is going well for three or four years.

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I can travel some of the road with the Senator. We discussed this here the last day.

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Senator Coghlan has lost his way.

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I have not lost my way yet. Senator MacSharry should examine his own conscience. Respectfully, there is an element of misinterpretation, which is why we should hear the Minister. As the Leader said the last day, we should take a little time. We need balance in all matters and must be calm. We cannot have a properly functioning economy without the banks, whether we like it or not. Of course, they must be made to feel some of the pain. They contributed a great deal to making so much money available, often with little or no security. It is part of the reason that we are where we are. To allow the criminal investigations to proceed expeditiously is what is important. On foot of the behaviour we have seen, politicians are not the ones who should lead in this context. The DPP and Garda should get on with it.

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Hopefully, they have enough under their belts to proceed. Certain cases have been initiated although they will not be heard until next year. The DPP and Garda should be encouraged. If the Chamber must have some dialogue with them, I encourage the Leader to consider the matter.

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