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Thread: Emergency Credit Institutions (Financial Support) Bill

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    Default Emergency Credit Institutions (Financial Support) Bill

    Bill

    Strange to see P.ie back up devoid of anything on the story of the century....

    Any idea on when the Dáil debate will finish?
    Last edited by He3; 1st October 2008 at 08:27 PM. Reason: Inflation

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    Politics.ie Member droghedasouth's Avatar
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    Debate resumes at 8.30.
    CC allowed a lot of 2nd stage speeches on first amendment.
    Depending on whether Lenihan is going to accept any FG/Labour amendments it could be quite civilised or very very late.
    There are times when you are simply required to be impolite. There are times when condescension is called for!
    - Aaron Sorkin writing as President Bartlet to Obama, NYT 21/09/2008

    You can't build a smart economy based on dumb decisions.
    - Richard Bruton 18/12/2008

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    Thanks.

    What has already been agreed between the Banks and the Department? The shape of the intended deal can't be seen at all from the bare bones of the Bill.

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    Quote Originally Posted by He3 View Post
    Any idea on when the Dáil debate will finish?
    ... when the repo men go in to take the furniture?

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    The Government is putting a lot of emphasis on how it is being guided by the Central Bank and the Regulator on this radical measure. But aren't they the ones who were asleep at the wheel? Ned O'Keeffe more or less said that a while ago in the debate - so why is their advice so respect worthy in tackling the crisis they allowed to happen?
    Last edited by He3; 1st October 2008 at 08:58 PM.

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    This is something that's been bugging me since Monday, so I have to ask (quote is from the Bertie Ahern thread)

    Quote Originally Posted by stanley View Post
    ...Tommy G's lawyers will be preparing a nice little suit against AIB for allowing monies to be used for corrupt purposes in his name when Mahon concludes... a nice 7 to 8 figure sum as well as having a go against OOC....
    Is there any possibility that ministers were worried (or were persuaded to be worried) by what information might be allowed to come out if one of the banks fell?

    In other words, was it possible that pressure was applied, to ensure that "a" bank was granted what it was asking for?

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    These words were written about the US scene but they apply here too don't they?

    But the hard-sell of President Bush and the US Treasury Secretary felt too much like the pressure patter of a door-to-door hawker. Their message was crude: “Trust us. You are in a terrible place. Only we can get you out of this mess. No need to check the details. Hurry now, or it will be too late. Here’s a pen. There’s the dotted line. Just sign.”

    But with the President’s ratings so low, few would let him leave the House with anything more than small change. Congress asked, not unreasonably: “If you guys know so much about banking, how come we are in such trouble?”


    Source

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    Does anyone think they might be dragging this out to see if the US will finally vote through a package, thus allowing them to back out gracefully from what must be the most insane financial legislation every conceived?

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    Quote Originally Posted by droghedasouth View Post
    Debate resumes at 8.30.
    CC allowed a lot of 2nd stage speeches on first amendment.
    Depending on whether Lenihan is going to accept any FG/Labour amendments it could be quite civilised or very very late.
    FG started off by being pretty supportive about this, but according to the breaking news on irishtimes.com have recently begun to take a more critical line. Is this just in response to Labour, or is there a genuine chance they might oppose the legislation?

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    Politics.ie Member Catalpa's Avatar
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    Quote Originally Posted by love biscuit View Post
    FG started off by being pretty supportive about this, but according to the breaking news on irishtimes.com have recently begun to take a more critical line. Is this just in response to Labour, or is there a genuine chance they might oppose the legislation?
    If Kenny has any political 'nous' at all he will oppose this

    - maybe some of the more alert members of FG in the House have reminded him he is actually Leader of the Opposition


    -and not of a FF Support Group!

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