Labour Blog

Labour Blog

Gilmore continues to press Cowen on Nationwide

Posted on April 21, 2010 at 03:06 PM

The issue of Irish Nationwide and "the scandalous way in which that building society conducted its business down the years" was once raised in the Dáil during Leaders' Questions this morning by the Labour Leader Eamon Gilmore TD.

Pressing the Taoiseach about the matter Eamon said: "The building society was set up to give mortgages to house buyers, but instead, it was giving out great buckets of money to approximately 30 people in a process of rolling enrichment or at least that was the expectation.

"The Taoiseach paints a picture in which he was closeted in his office, he had no idea whatsoever about what was occurring, he was entirely at the mercy of what the regulator might or might not have told him and he was not told anything.

"I find it difficult to understand how, as Minister for Finance over a four-year period, the Taoiseach did not encounter the kind of talk that was going on about Irish Nationwide."

As ever Eamon's contribution is available to watch in the accompanying video while the full debate will be available later on the Oireachtas website.

Permanent link | Comments | Categories: FinanceLeaders QuestionsEamon Gilmore

blog comments powered by Disqus