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Seanad
‹ Order of Business

NAMA and IBRC transparency

Summary

Senator Mark Daly argues that the Government’s rejection of his transparency Bill contributed to the current IBRC controversy; the Chair rules that yesterday’s debate should not be repeated.

The political commentator, Gore Vidal, once said the four most beautiful words in the English language were "I told you so." I will not say "I told you so" to Senator Coghlan, but I think I did. When it comes to the NAMA and Irish Bank Resolution Corporation Transparency Bill-----

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Paddy Burke An Cathaoirleach Fine Gael

There are two Senator Coghlans in the House.

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I meant Senator Paul Coghlan. In 2012 my side of the House tried to pass the NAMA and Irish Bank Resolution Corporation Transparency Bill. I think we were told at the time that it would be fine, that there was nothing to worry about and that all would be well. Now we see that all is not well. If the Government had accepted the NAMA and Irish Bank Resolution Corporation Transparency Bill, we would not find ourselves in the situation we find ourselves in today. Senator Paul Coghlan said "too many Members are willing to buy the line on transparency peddled by some, such as Senator Daly, without looking at the facts."

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Paddy Burke An Cathaoirleach Fine Gael

We will not rehearse yesterday's business. We had a motion on that issue in the House yesterday.

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