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Seanad
‹ Order of Business

Permanent TSB mortgage sales

Summary

Senators attacked Permanent TSB’s planned sale of distressed mortgages to investors, arguing it was morally wrong to expose homeowners to vulture funds. The Chair managed interruptions as the discussion drifted into politics, then called the next speaker.

Denis O'Donovan An Cathaoirleach Fianna Fáil

That might be a matter more appropriate for a Commencement notice but I will let the Leader reply. I call Senator Craughwell.

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First and foremost, the situation with Permanent TSB is outrageous. God be with the days when one could walk into the office of a bank manager, sit down with him or her and discuss a matter. I will never forget the generosity of the bank manager who dealt with me when I went bust financially. He sat me down in his office and gave me a cup of tea and biscuits before proceeding to discuss how I would transfer my home to him. As my colleagues have said here this morning, the Permanent TSB is a State-owned company. God help us if that is what we are up to now.

All day yesterday and this morning I felt a sense of foreboding. We are back where we were with regard to Northern Ireland and we cannot get an Assembly. What has happened is detrimental. We visited north Belfast during the summer and there was a lot of correlation between north Belfast and north Dublin because there were thugs in the wings waiting to start up again.

I deeply regret having to say the following. Right now there is no republican voice in Westminster. There is nobody there to speak for the republicans who live in the North of Ireland. There is nobody in Westminster to represent the citizens of the Republic of Ireland who have passports in the North of Ireland and who are unable to have a voice. I urge Senator Conway-Walsh not to look at me in that way.

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Denis O'Donovan An Cathaoirleach Fianna Fáil

I suggest that the Senators do not look at each other at all.

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Senator Craughwell thinks that somebody swearing allegiance to a foreign queen is going to solve the impasse.

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David P.B. Norris Senator David Norris Independent

She is not foreign. She is more Irish than Senator Conway-Walsh and is a direct descendent of Brian Boru and Hugh O'Neill.

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Denis O'Donovan An Cathaoirleach Fianna Fáil

I suggest Senators do not interact with Senator Conway-Walsh.

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What right has the Senator to stand up in here and say what he said?

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Denis O'Donovan An Cathaoirleach Fianna Fáil

The clock is ticking. Please allow Senator Craughwell to conclude. He tried to make his point and Senators might not agree with him.

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The citizens in the North of Ireland, who are petrified out of their lives at the thought of Brexit coming down the road towards them like a railway crash, have no voice. For this reason alone, we must immediately ensure that all of the North-South institutions are brought back into full being. If the people who live in the North of Ireland and are elected in the North of Ireland are unwilling, for whatever reason, to represent their constituents, then we in the South must take a proactive step to ensure they are protected as best as possible as we move into Brexit.

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When the Senator is President he can do that work.

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When that happens, Senator Craughwell can carry out the wishes of the people.

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Having a swipe at me before the Senators nominate me for the job of President is probably not a good thing to do.

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Denis O'Donovan An Cathaoirleach Fianna Fáil

I ask the Senator to sit down before he is interrupted again, please.

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