National Treasury Management Agency

[Speaking in the Seanad during Second Stage of the National Treasury Management Agency Bill] We were always taught that pensions were sacrosanct, that they were different. A pension was a special kind of saving one made and certain rules applied in respect of it. One could not touch one’s pension. If one experienced a very … Continue reading

Finance (Local Property Tax) Bill

(Second Stage in the Seanad) I am sorry that the Minister of State, Deputy Hayes, will bear the brunt of a rather testy temper on my part today. Many of us who are new to politics had a rather unceremonial declaration of our political naivety this afternoon in the Social Welfare Bill and it has … Continue reading

Mortgage Credit (Loans and Bonds) Bill


This is a brief interjection. I call on the Minister of State to ask the Minister for Finance if he will consider some fundamental changes in the way we do our financial business with regard to the question of mortgage debt and bank sustainability. This is a time of national emergency. Let us reflect on … Continue reading

How negative equity might be addressed

As I mentioned a few nights ago in a different context, I strongly believe one of the most frustrating things being reported to me regularly by friends and colleagues, including people in the accounting profession, is the fact that a large number of individuals in this country are either under a groaning debt of negative … Continue reading

Changes to pension legislation

It is the stated intention of the Taoiseach to abolish our Seanad so I am not certain how much attention he will pay to recommendations on other matters coming from the House. I ask the Leader to bring to the attention of the Government, the Minister for Finance in particular, an alternative strategy for dealing … Continue reading